August 3, 2011

S&P 500 Analysis after closing bell

  • S&P 500 Breaks a major trend line in weekly chart.
  • Price also closes well below the 200 dma.
  • We shall see how SPX behaves the next support level which is 1230 - 1245 level. Things are likely to be easier for bears.
  • ES RANGE BREAKDOWN TRADE
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