January 17, 2015

S&P 500 Analysis after closing bell

 
  • SPX Managed a bullish candle at lower Bollinger band. 38.2% Fib level too acted as support.
  • Price likely to move towards the 20 Day SMA in the very short term.
  • Price came closer to 200 SMA. For any bigger correction to happen this line must break.
  • GOLD WEEKLY POSITIVE DIVERGENCE
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