October 15, 2010

S&P 500 channel formation

  • S&P 500 Futures moving to the bottom of the channel. 1162 may give support
  • S&P 500 Futures Hour chart in a channel.
  • Channel comes with a breakout which went till 1181 levels and price re entered the channel.
  • Now Price is trying to breakout of the channel again. But 1181 level will act as resistance now.

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