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Tuesday 2 July 2013

Stock Market Analysis

S&P 500 rose to 1626 but couldn't stay above 1625
Showing that it's getting weaker everyday
To make it worse, investors took profit by selling after 12pm EDT
The weakened S&P 500 couldn't even hold 1620 & finally dropped to 1614.96
Even positive economic news couldn't help anymore

We observed that the most consistent pattern since 21 June 2013 is still there, the drop from 3:30pm EDT-4pm EDT
Technical analysis also shows that stocks might move lower
Look to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it

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