Post election S&P500 futures Daily chart look – $ES_F $GC_F
The white oval has held @ the 1400 level…rising support turned resistance is @ 1450 (dotted purple line) with 1468 remaining as the high for 2012.
Gold futures have taken out 1720 resistance and converted the level to marginal support. if we can get 1430 to trade and hold we will be well on the way to building a foundation for a move into 1450.. though we really need bonds to fall off and the keynesians bid to come back into the market for this to happen…
|Daily ES_F ..|