December 9, 2010

S&P 500 Futures in a range

CHART-II
  • Range mentioned in the below chart has been violated.
  • Break of 1231 gave 1227.25. Price has found support in this area for now.
  • Sustaining below 1227.25 may give 1224.50
CHART-I
  • ES is showing a range of 1231 to 1238 with 1234 as the mean.
  • Breakout or breakdown from this range can give good direction.
  • 1224.50 is an important support area in case of a correction from these levels

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