April 29, 2011

ES IN A CHANNEL

  • ES Hour is trending up inside a channel.
  • First violation of the channel may result in a sideways move and followed by another up move.
  • Bulls are safe if price moves within the Ascending channel.
  • Trend of hour will be safe above the cloud. Price sailing smooth above the cloud.
  • DOW JONES MONTHLY CHART LOOKS BULLISH

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