July 28, 2011

ES Near support level

  • ES Four hour time frame with support level.
  • Good support exist between 1290 - 1295 level.
  • 200 Period moving average for Four Hour time frame is near this level.
  • Price staying below 200 Period moving average will favor bears for a breakdown below 1290 level.
  • If Price stays above 1305 level then Bulls will be able to push price higher.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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