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S&P 500 Chart Update

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by Chuck on January 7, 2009 at 1:54 pm · 2 Comments

Intra-day chart of the S&P 500 E-mini futures (5 minute chart) shows a triangle formation that has broken to the down side.There is some Fibonacci support in the 905 area. After that it is the trend line on the daily chart that offers the next significant support (880 – 890)

S&P 500 Intra-day Chart

S&P 500 Intra-day Chart

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2 Responses to “S&P 500 Chart Update”

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  1. Miracletech says:
    January 7, 2009 at 2:59 pm

    Guess it wouldn’t be all that surprising to wake up to a big gap down on the ES Thursday morning

  2. L says:
    January 7, 2009 at 3:50 pm

    I must admit your technical analysis is pretty darn good . I enjoyed your article last night on what is technical analysis. Larry

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