July 7, 2010

S&P 500 resistance area at 1046

  • S&P 500 chart shown in hourly time frame.
  • 1046 was earlier acted as support since it was decisively broken this area will act as resistance.
  • So unless a strong close happens above 1046 this reversal attempt may not sustain too long.
  • CLICK HERE TO SEE THE 15 MINUTES CHART WHICH GAVE GOOD UPWARD MOMENTUM
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2 comments:

  1. assortZJuly 7, 2010 at 10:36 PM

    Hi San,

    As usual, very useful charts..i miss indian mkts thro live charts hence these dow and S&P charts really help me to understand patterns in live..

    Yes..it has to really struggle a lot to break 1040-1046 range..

    ReplyDelete
  2. SanJuly 8, 2010 at 8:15 AM

    Thanx assortZ

    ReplyDelete

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