- The ascending triangle mentioned below has given a breakout. An hour closing above 1170 and trading above this level will give 1180(futures) as first target.
CHART-I
- S&P 500 Futures hour chart is showing an ascending triangle in its hour chart.
- Breakout level is around 1164.
- A nice breakout above 1164 with good volumes will favour the bulls.
- Trading below 1155 will be negative and will favour the bears.
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