October 15, 2010

S&P 500 Futures breaking support levels

CHART-II
  • Price takes support near the trend line. But 1173 area will act as resistance now
CHART-I
  • Today S&P 500 Futures is in a steady decline mode.
  • Price has been breaking one support after another like going down the stairs.
  • Now the main hope for the bulls is the trend line in hour chart this one should hold for more upsides.

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