April 14, 2011

ES Daily Near Support level

  • ES Daily chart with support level and Four hour chart with the cloud break.
  • Support band in daily chart is from 1294 - 1300 level. Positional bulls will be safe until this level is taken out by bears on closing basis. So a bounce can be expected from this level.
  • Four hour Shows Price trending down below the cloud. So any rally will face selling pressure until price manages to break the cloud on the upside.
  • RIMM CHART ANALYSIS

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