October 29, 2014

S&P 500 Futures chart update

 
  • Hourly chart continues its trending move above the Ichimoku cloud.
  • Price is staying above 50 Day SMA.
  • Hope for bears in the Resistance levels shown in first chart. Weakness here may lead to a correction. But first Hour chart needs to break below the cloud for a possible bearish trade to happen.

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