- The narrow range of 1173-1180 breaks. Bears managed to reach 1169. Fall was arrested there. Break of 1169 can take it to 1163 levels. Trading above 1173 bulls will try to scale 1180 again.
- S&P 500 Futures gave a breakout above the resistance line of the broadening pattern yesterday.
- But price has not made any big progress. Index is trading in a small range of 1173 -1180.
- Break of this range will give a clue to which side price is going to go.