September 23, 2010

S&P 500 has a broadening pattern

CHART-II
  • Index is again approaching the support line of the broadening pattern, If gets support here another rally favouring bulls can be expected
CHART-I
  • Hour chart of S&P 500 futures has a broadening pattern.
  • Since the price is trading around the support line of the broadening pattern we can expect an up move to happen from here.

No comments:

Post a Comment