November 15, 2010

S&P 500 Before opening bell

  • ES Hour chart in a descending channel.
  • 1201 is the resistance level and 1191 is the support.
  • If price goes above 1201 it has to breakout of the channel for favouring bulls. But the trend in hour chart is down so sell on rise may continue for a while.
  • Breaking 1191 will give fresh lows. Price may slip below 1185. 
  • US DOLLAR WEEKEND UPDATE
  • RUSSELL 2000 WEEKEND UPDATE
  • GOOGLE WEEKEND UPDATE

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