June 8, 2011

ES Hits 200 Day Moving Average

  • ES daily chart with 200 Day moving average.
  • Price usually bounces from 200 DMA when it meets the moving average after a long time.
  • So Bulls can expect a bounce.
  • Hour is still trending down below 50 Hour moving average.
  • If a bounce is to happen we will see price moving above 50 Hour moving average.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

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