CHART-II
- The narrow range of 1173-1180 breaks. Bears managed to reach 1169. Fall was arrested there. Break of 1169 can take it to 1163 levels. Trading above 1173 bulls will try to scale 1180 again.
CHART-I
- S&P 500 Futures gave a breakout above the resistance line of the broadening pattern yesterday.
- But price has not made any big progress. Index is trading in a small range of 1173 -1180.
- Break of this range will give a clue to which side price is going to go.
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