October 7, 2010

S&P 500 futures before opening bell

  • S&P 500 Futures One hour chart.
  • Price is trading in a range of 1153 - 1160 after this weeks breakout.
  • Since the momentum is is with the bulls, An upside breakout can be used to go long.
  • If a breakdown happens we have to see if key levels are getting broken. In my view a breakdown of this range will be used by the bulls to buy on dips.

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