CHART-II
- We had a small bounce as discussed below.
CHART-I
- SPX Hour chart with support line and 50 hour moving average
- Price is trading close to the 50 Hour moving average and an important support line in hour chart. For the correction to continue price should break the support line and the moving average.
- If the support line is held one can expect an intraday bounce from here.
- SILVER SUPPORT AND RESISTANCE AREAS
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