November 18, 2010

S&P 500 futures before opening bell

CHART-II
  • ES has given a breakout from the descending channel.
  • If Price sustains  above 1194 Next target is 1201.
CHART-I
  • ES made a re-entry into the descending channel.
  • Price is near the upper boundary of the channel.
  • If a breakout happens price should sustain above 1194 for a bigger up move to happen.
  • SPY SUPPORT AND RESISTANCE LEVELS

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