February 9, 2011

S&P 500 Futures Before opening bell

  • ES Four hour chart is showing a rising wedge pattern.
  • Price has given a negative break of the supporting trend line.
  • If ES breaks below 1313 and sustains below 1313 bears will extend gains.
  • If Price fails to break below 1313 we will see another new High for ES soon.
  • DOW JONES RESISTANCE LEVELS

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