Currently Both the US Indices S&P500 and Dow Jones are in positional Buy mode since 7th Jan 2014. Currently the support zone coming around 1801 and 15784 respectively. Position will be reversed to positional sell mode if the support zone breaks on the hourly charts.
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
S&P500 and Dow Jones Hourly Charts February Overview – II
11 sec read