July 15, 2011

ES Support and Resistance levels

CHART-II (UPDATED FROM BELOW)
CHART-I (AS SHOWN YESTERDAY)
 
  • 2nd chart was posted yesterday.
  • The support level 1302 has held till now.
  • New lows will be possible only if an hour closes below 1302.
  • Price has been finding resistance on the resistance line of the triangle. So above 1318 we may get a breakout towards 1328 level.
  • Below 1302 price may stop at 1295 level.
  • SPY CLOUD SUPPORT

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