May 25, 2011

ES Moving down in a channel

  • ES  Hour chart is moving down in a channel formation.
  • Price is getting resisted at 50 Hour moving average.
  • Up move will face resistance around 1322 level.
  • Fall was arrested near 1302 area. This level will act as short term support.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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