February 28, 2011

S&P 500 Before opening bell

  • ES Fibonacci levels shows price above the golden ratio(61.8%). If price sustains above this level we may see 1330 levels shortly. Breaking below 61.8% will be negative for the bulls.
  • Price sustaining above the cloud will favor bulls.
  • Hour chart shows an inverted H&S kind of breakout, for this to sustain 1320 level should be protected by the bulls.
  • DOW JONES WEEKEND UPDATE

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