CHART - II
- The range of 1160 - 1164 has broken.
- Trading below 1154 will favour the bears and chances are futures will move towards the lower boundary of the broadening pattern
- S&P 500 Futures is showing a small range inside the broadening pattern.
- 1160 - 1164 is the range. Break of 1164 may lead to 1169
- Break of 1160 will be negative and may push the index to 1155 levels.