December 7, 2010

S&P 500 Futures Before opening bell

  • ES gave a triangle breakout today.
  • Price went up till 1234 level and is forming a bull flag now.
  • Price is forming a small range between 1231 to 1234.
  • Break above 1234 will continue the upward momentum. Break below 1231 will be a buying opportunity as long as price maintains above 1224. Breaking below 1224 will be negative.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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