28/09/2014

SP500 weekly close. An important and exiting week lies ahead

Day









Day. Note the cross on downside by 8 and 21 MA. Means the down trend is likely to continue






Day dot. The R line is crucial on daily close. The last close is just below that line which means downside is most likely.





2 hr bar. The last hour rally last Friday was only profit taking and takeing out the short positions stops.. The 200 MA is down suggests that this is a strong R for any rally.



2 hr line. The R is just in the R area to the left.

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