February 1, 2011

S&P 500 Futures Before opening bell

  • ES Hour chart is moving up steadily in an ascending channel.
  • The recent fall is about to be retraced fully.
  • Price is approaching 78.6% of the fall. 
  • We may see a new high for ES today if the trend in hour chart remains like this.
  • SPY CHART ANALYSIS
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1 comment:

  1. Your AdvisorFebruary 1, 2011 at 10:21 PM

    Nifty Tomorrow - NSE, BSE both market were going to the ground, 50-stock index Nifty touched intraday low of 5402 and the 30 stock index BSE touched a low of 17982.17. S&P Nifty managed to hold back the 5400 mark and Sensex close below the 18000 level. That was the -1.67%(BSE) & -1.661% (NSE). On the back of consistent sell off for 5th consecutive trading session Nifty future made a low of 5411.20 and it managed to hold back psychological level of 5400.

    Source- nifty future tips

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