July 29, 2010

S&P 500 Flag pattern in hour chart

UPDATED CHART
  • Flag gives a short trade .
  • Hourly close below 1095 can bring 1088 in the short term


  • A bullish flag in S&P 500 index.
  • If this pattern does a bullish break out it should take out the recent high of 1131.
  • If price falls below 1100 the pattern will be invalid.
  • DOW JONES TRIANGLE PATTERN



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