June 6, 2011

ES Life line for bulls

  • Sloping trend line and the horizontal line in daily chart shown in the first chart may help bulls for a long trade Provided 1290 is not broken.
  • Price is also getting support at the Golden Ratio for the rise from 1241.50 to 1373. So this makes 1290 an important level.
  • Break of this level will favor bears.
  • FORD MOTOR CO TREND LINE BREAK
  • BEARISH ENGULFING OF IWM

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