October 22, 2010

S&P 500 with a diamond pattern

CHART-II
  • The diamond pattern is not yet resolved. Price is near the apex of the pattern so we will get good direction on monday.
CHART-I
  • ES is showing a diamond like pattern which can give good direction.
  • Important levels are 1182 and 1175 at the bottom.
  • Breakout from this pattern and taking out the levels mentioned can give a good move.
  • GOLD WEEKLY CHART WITH PIN BAR

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