July 22, 2011

ES Trend Update

  • ES hour chart with 50 Hour moving average and trend line.
  • First chart shows bullish cross of 50 above 200 Hour.
  • If price continue to stay above 50 Hour moving average bulls can go for Buy on Dips.
  • Price breaking below 50 Hour moving average will give chance  for Bears. Bears need to break the trend line in hour to reverse the trend in their favor.
  • SPY 5 MINUTES CHART

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