Notice how steep the rise in the 135 minute channel is. Monday morning that support was at 733, and now it’s moved up to 797.
click chart to enlarge
click chart to enlarge
Break Out
December 5th, 2008 at 3:58pm · No Comments
This late rally today looks like an upside breakout. The 60 minute chart had a net-line buy at 3:30 ET and the 135 minute will have one as well if the close is above 870.25. It’s interesting how that net-line reformed at the 870-871 level, because that price level was confirmed as significant mid week.
Tags: S&P 500
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