30/04/2012

SP500 charts now. 2 hour, daily and monthly



SP 2 hour trend is strong on upside towards the double top to the left.

Below is the daily trend where you can see the double top as well but a more hesitant approach on upside.









Here is the big monthly trend from 2007. One bar is one month. Today the 30 April there will be a close at the last bar and a new one will start tomorrow. You see the 8  MA moving strongly on upside now and just below is the 21 MA. The MA's shows a very strong uptrend and any drop on downside will be stopped by the 8 MA. The trend can move sideways and up but not down.

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