- S&P 500 has violated the resistance line of the broadening pattern.
- Index trading above 1176 will be positive for the bulls.
- DOW JONES NEAR 11200
October 13, 2010
- Dow Jones futures daily chart.
- Price broke out above 10973 level today. Now it is trading above 11000.
- If futures continue to trade above 11000, Dow Jones Spot price may achieve its immediate target of 11200 soon.
- S&P 500 FUTURES HITS THE TOP OF THE BROADENING PATTERN
- 6246 BROKEN. First target will be 6300.
- NIFTY Futures has taken out most of the resistance levels in-between 6090 and 6246.
- 6246 will act as resistance now.
- If price breaks out above 6246 and trades convincingly we can expect 6300 as the first target.
- This post is a continuation of the NF range posted last week CLICK HERE TO SEE IT