October 18, 2010

S&P 500 Near resistance level

  • S&P 500 Hour chart shown with a range of 1162 - 1180
  • Price is approaching the top of the range. 1180 is a good resistance level.
  • More upsides are possible only if 1180 level. If price manages to breakout next resistance level is at 1190 area.
  • DOW JONES WEEKEND ANALYSIS

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