September 21, 2010

S&P 500 in a channel

S&P 500 FOUR HOUR CHART
  • S&P 500 four hour chart moving up steadily in a channel.
  • Right now price is at the top of the channel. So some side ways movement can be expected from here Unless the index decides to break out of the channel.
  • 1150 will be the next resistance for the index.

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