April 14, 2011

ES RESISTANCE LINE

  • ES has given a bounce from the lows of the day.
  • But for the short term down trend to change price has to break and stay above the resistance line shown in the above chart.
  • Staying below 1305 will favor the bears. Sustaining above 1305 and breaking the resistance line can give a bigger rally in favor of bulls.
  • ES DAILY CHART ANALYSIS

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