Tuesday 7 May 2013

A view on S&P500 charts today

A view on S&P500 today: 
Today might face some resistances at 1611.25 to 1612.25 region (Grey and Red lines are today's resistances or support). If Europe opening isn't good in afternoon, we feel S&P500 have a chance to be down today.

Having said that, if it breaks out of 1612.25 esp during opening hours of europe and US, S&P500 have a strong chance of upside.

Region to watch is 1611.25-1612.25

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