October 18, 2010

S&P 500 futures before opening bell

ONE HOUR CHART
 FOUR HOUR CHART
  • One hour chart showing a range of 1162 - 1180. Bigger moves are possible when the range gets resolved.
  • 4 hour chart showing a channel. Price violated the lower boundary for a while but has managed to get back into the channel again.
  • Trading above 1175 will give a bullish look to the 4 hour chart.
  • DOW JONES WEEKEND ANALYSIS

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