S&P 500 Angle Chart Updated 03/12/2014 EOD.....
Initial Resistance / Target made by it at 2076.40..
As yesterdays High was at 2076.28 missing it by 12 cents.......
We have a reaction or breakout above this level of resistance yesterday.....
Above this level the red angle gives a projection of 2098.06 for 12/12/2014.....
Below this resistance we have supports at 2064.75 for 04/12/2014.
Day's Range:2,062.34 - 2,073.64...... till update......
So supports done for the day...
Daily close should be above the support level of 2064.75 ......
Else we may see further downside...
Support below this level is 2044.25.....
Watch 2044.25 for the trend to continue .......
Happy Trading !!!
Not a Trading Advice .... All views are given with mandatory disclosures given on the site.
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