October 21, 2010

S&P 500 futures before opening bell

CHART-III
  • It turned out to be another false breakout.
  • Break of the support line will favour bears

CHART-II
  • ES has given a breakout from the ascending triangle shown below.
  • IF sustains above 1182 will target 1190 and 1200 soon.
CHART-I
  • S&P 500 Futures is showing an ascending triangle pattern.
  • Index has again found resistance at 1182 area. But Price is converging towards the apex of the triangle pattern which will give direction soon.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

No comments:

Post a Comment