Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Wednesday, May 1, 2013
SPX Daily Chart New All-Time Closing and Intraday Highs
Yesterday, 4/30/13, the month of April closes out with new all-time highs. The prior closing highs are the blue oval at 1593.37 which was taken out on Monday with the higher closing high (green oval) at 1593.61. The prior all-time high was 1597.35 (red oval). The new all-time closing high and all-time high is 1597.57. The bulls found 22 cents in the couch cushions squeezing out the higher all-time highs (brown oval). All these numbers remain as key support levels. Short-sellers gave up late day yesterday providing the short-covering fuel into the closing bell goosing the indexes over the top. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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