September 29, 2010

S&P 500 futures before opening bell

  • S&P 500 Futures 4 hour chart is showing a triangle pattern with price trading near the resistance line of the pattern.
  • From yesterday the index is not able to sustain above 1143 levels. although the bulls tried to close above 1143 it was met with stiff resistance at this level.
  • Only a high volume breakout above 1143 level can take it to 1150 where it will meet the next resistance. 

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