December 15, 2010

S&P 500 Futures Before opening bell

  • S&P 500 Futures Chart with 50 hour moving average and Ichimoku cloud
  • Price has fallen below the cloud and  50 Hour moving average.
  • Price is finding it tough to cross 1238 - 1239 area.
  • Uptrend can only resume on an hourly close above 1242 level.
  • 1234 may act as support level for ES.

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