April 20, 2011

ES Near Resistance line

  • ES Daily chart is moving away from 50 day moving average. Last two candles are showing bullish momentum. But price is approaching resistance line of a triangle. It also looks like the neckline of an inverted head and shoulders.
  • 1336 and 1342 levels are resistances in daily time frame. Price has to sustain above these levels for the bullish momentum to sustain.
  • AAPL BREAKS THE CHANNEL

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