March 10, 2011

S&P 500 Before opening bell

CHART-II
  • ES did a retest of the broken support line as discussed below and has started falling.
CHART-I
  • ES Hour chart with broken support line acting as resistance.
  • An up move will be possible only if ES manages to cross 1310.
  • Big correction will take place once ES breaks 1296 level. 

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