May 24, 2011

ES Pauses at the cloud

CHART - II
  • Break of bear flag targeting 1304 region. But 1310.75 may act as support.
CHART - I
  • ES Daily has stopped falling at the cloud. 
  • But 50 Day moving average will act as resistance on an up move.
  • Hour is showing a bearish continuation pattern. But Things may favor bulls if price manages to sustain above 50 hour moving average.
  • ES HITS THE CLOUD

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