September 16, 2010

S&P 500 Futures before opening bell

  • S&P 500 futures 4 hour chart with an  inverse head and shoulders pattern. Price is trading above the neckline is yet to give the big breakout.
  • After crossing the neckline price is trading in a range of 1108 - 1122. It seems the index will test the weak bull and the weak bear before taking the next big direction. The violation of the range may give good direction.

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