October 9, 2012

S&P 500 Intraday update

  • SPX One hour chart is trading near a support cluster. Price near 100 Hour SMA and earlier resistance line of the triangle may also act as support.
  • Price holding above the hourly cloud too should give hopes of another up move in favor of bulls. Cloud break on closing basis may turn the trend completely in favor of bears.
  • GOLD SUPPORT AND RESISTANCE
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