April 9, 2012

S&P 500 Futures chart analysis


  • First chart shows Shaded portion which is crucial support level. Now that this level is taken out bulls need to go back above this level to avoid a bigger fall.
  • Price also has fallen below 200 Period SMA in four hour time frame.
  • Golden ratio shown in four hour chart may give a bounce But price need to stay above 200 Period SMA and the shaded portion for a bigger pullback to happen.
  • BANK OF AMERICA WEEKLY UPDATE



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