My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 4, 2013
S&P 500 Analysis after closing bell
- SPX Daily and Weekly charts shows price at crucial support zone.
- A Daily close below the cloud may trigger a bigger fall
- MICROSOFT Chart analysis
MICROSOFT Chart analysis
- Microsoft daily chart shows price falling to a support zone.
- Weekly chart shows price at the rising support line.
- Fib levels in weekly chart shows price trying to find support at the 50% retrace level which has acted as good support so far. Holding these levels MSFT is likely to move up again. Bears need a weekly close below these support levels for a bigger breakdown to happen.
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