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Saturday, February 11, 2012

S&P 500 - End of Week Analysis - 10 Feb 2012 - Mid life crisis above the blues..

S&P 500 - EOW Analysis - End of Week:  06 Feb to 10 Feb, 2012
Last week we concluded (in our post here) that, the Bulls would have to move the S&P 500, above the middle line, of the three white lines forming the weekly channel, as above.

See the highlighted area, Bulls came up short as this week's red candle fails at the mid-line. We are however, comfortably above the Blue middle line of the Monthly channel. The last two candles,  form a 'Harami' candle pattern - some weekend reads on this below...

Bearish Harami....
http://www.thepatternsite.com/HaramiBear.html
Harami - how to ..
http://www.traderslog.com/bearish-harami-weekly-candlestick/