Friday, July 23, 2010

SPX EOD

 We are clearly over the downtrend line off the Apr 1220 high and closed over the 1100 resistance level. Getting close to challenging the 200 day SMA, which will be a big test. In fact it has acted as resistance since the market broke below. I have pointed out the inverted head and shoulders that is potentially building. The 200 SMA appears to coincide as the neckline.

 SPX 60 MIN BULL


  SPX 15 MIN
 SPX DAILY BOLLINGER BANDS
Support at the 20 day MA middle Bollinger band and now gunning for the upper band, which coincides with the 200 SMA.
 SPX DAILY MAs
 SPX 60 MIN BEAR






















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