September 9, 2010

S&P 500 hour chart analysis

CHART-II
  • We got an easy entry at no 3 marked on chart when the index made a higher low at the trend line.

CHART - I
  • The stochastic has reached the oversold region 3 times But index is making higher low's consistently.
  • Now for the 3rd time if the trend line holds we will get another long trade from here.
  • If Trend line breaks then we may get good correction..
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