28/11/2012

SP500 week, day and 2 hr charts

SP500 week now. Observe the cross from the falling 8 MA and the rising 21 week MA. The chart will follow the 8 MA, 21 MA does not matter after a cross. I think that where the 8 MA has hit the bar at 1.403 will be difficult for SP500 to take at Friday close. The bar is also currently below the 1.397.03 S point - see thee line.

SP500 daily chart now. Still hanging around the 8 day MA.







SP500 2 hr now. Trend down to sideways now.

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