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Thursday, April 26, 2012

EOD Technical Analysis, S&P 500 - 25 April 2012 - Bingo...

S&P 500 - End of Day - 25 April  2012  
In our Weekend Analysis (click) and in the last EOD Analysis (see post below this one) we saw the range for the Index as ""MVWAP 34 (EOD) to our White Channel bottom (EOW), is the range to break, going into next week".
The Index as noted in the last post, left the Bottom end of our range, and this day, touched the higher end - EXACTLY - if one may add ...
Short Term EMAs have been crossed by the price, and are now crossing each other bullishly.
Histogram has ticked +.

This resistance offered by the MVWAP34, was support at couple of earlier instances, and hence bit of a nut to crack.

So our range(to break) remains same, going into the weekend - see ya there.