May 1, 2015

S&P 500 Futures trend update

  • First chart shows price trying to stay above a support line. If price remains within the apex shown in first chart for some more days we may see good directional move out of this pattern.
  • 2nd chart shows support at 100 Day SMA. Nothing meaningful will happen for bears as long as price stays around 100 and 200 Day SMA as seen in the recent months.
  • The up trend is yet to be challenged as price continues to stay above Higher low.
  • EURUSD Chart update: CLICK Here

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