November 1, 2010

S&P 500 Support levels

CHART-II
  • Trend line drawn in the below chart has broken.
  • Important supports for the day are 1183 - 1181 and  1177.
CHART-I
  • S&P 500 Fifteen minutes chart with support at 1185 and the Trend line which may act as support
  • Break of 1185 and the trend line will favour bears.
  • Staying above 1185 and 1187 will favour bulls to go up again.
  • Dow Jones Triangle UPDATED

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