January 24, 2011

S&P 500 Futures Before opening bell

CHART-II
  • ES has given a breakout from the triangle pattern.
  • Next resistance level is at 1287.75
CHART-I
  • ES 30 Minutes chart is showing a descending triangle pattern
  • 4 Hour chart is showing resistance at 1283.50. Price is not sustaining above 1283.50.
  • An upside breakout from the triangle pattern should take out 1283.50 and price should sustain above this level for bulls to gain momentum.
  • Breakdown below the support line will favour bears.
  • US DOLLAR ANALYSIS
  • MICROSOFT TECHNICAL ANALYSIS
  • A BEARISH APPLE

No comments:

Post a Comment