August 9, 2011

ES Support and Resistance lines

CHART-III
CHART-II
  • ES has broken the rising support line.
  • Staying below 1096 can extend this correction
CHART-I
  • ES Sustaining above 1161.50 will favor bulls.
  • Below 1096 there may be a Dip in favor of bears.
  • Price breaking the falling resistance line will be the first sign of strength.
By at

5 comments:

  1. UnknownAugust 9, 2011 at 9:10 PM

    Market News : US Economy Voes Pulls SENSEX | NIFTY by 2 Percent

    http://sharesonlinecharts.blogspot.com/2011/08/market-news-us-economy-voes-pulls.html

    ReplyDelete
  2. goldentouchAugust 9, 2011 at 9:54 PM

    Thank you San for your charts.

    ReplyDelete
  3. SanAugust 9, 2011 at 10:37 PM

    @goldentouch
    You are welcome

    ReplyDelete
  4. RezaAugust 9, 2011 at 11:39 PM

    Thanks, your chart is helping a lot to know the market directions nowdays

    ReplyDelete
  5. SanAugust 9, 2011 at 11:42 PM

    @Reza
    Thanks

    ReplyDelete

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