October 6, 2010

S&P 500 Support and resistance levels

CHART-II
  • S&P 500 Futures Breaks 1153. But the downside may be limited
CHART-I
  • S&P 500 Futures index ran in to resistance at 1160 levels.
  • Index is retracing towards the breakout point and May find support at 1153 levels.
  • For now price may trade in a range of 1153 - 1160 levels. Break of 1153 may slide it down to 1147 levels.
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