Tuesday, August 17, 2010

SPX - Still Trading Between Range [1040-1104]

Nothing new last two weeks.Test last sessions - Limit zone Upside (zone false breakout)  of the range sitting at  1130. Last monday test 1/2 of the range 1074 and hold for now. Close below 1060 expect 1040 and if close below 1040 expect 1020. Resistance hourly chart sitting at 1086 and  resistance daily range [1100,1104]
Click to zoom in. Good luck.


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