November 23, 2010

S&P 500 futures before opening bell

  • ES four hour chart with support and resistance lines.
  • Price has violated an important trend line in four hour chart.
  • Price staying below the trend line will be negative and can drag the index to the next supports levels which are at 1180 , 1176 initially.
  • Price getting back above the trend line may stop a sell off for now.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

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