December 31, 2010

S&P 500 Analysis after closing bell

  • S&P 500 gave a negative day followed by the shooting star of yesterday.
  • Break of 1255 area may give good gains to bears.
  • But the hour is trending up above the cloud and the trend looks strong. Bulls may become weak only if price trades below the cloud.
  • 30 Minutes chart shows the possible trend line support in case of a correction.
  • SILVER RESISTANCE LEVEL
  • ES SUPPORT LEVEL IN HOUR CHART

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