ThinkExist Dynamic daily quotation

Sunday, May 16, 2010

 

Probably Range Bound


We could be setting up for a range bound or sideways trade for a couple of weeks. Looks like support will be 1100 to 1104 while resistance should be drawn from the April high to the 1170 area high of May. We could channel sideways or make a descending triangle pattern before the next big trade comes along.

# posted by Chris @ 5:58 PM
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