September 20, 2010

S&P 500 futures above the resistance line

S&P 500 FUTURES DAILY CHART
S&P 500 FUTURES 4 HOUR CHART (IHNS)
  • S&P 500 futures is trading above its most important resistance. If the index closes around here the most expected triple top formation may not form. But as shown above in the daily chart,  index should close above the resistance line.
  • 4 Hour chart is also showing the price pulling away from the neckline. Price should close near the high of the day for this up move to sustain in coming day's.

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