August 3, 2011

ES Weekly chart with Bollinger Band

  • ES weekly chart with Bollinger bands
  • Price has hit the lower bollinger band.
  • Last fall in june was arrested by the weekly lower bollinger band.
  • Week candle closing below the lower Bollinger band will help bears to extend gains. Week candle closing above lower bollinger band may give hopes for bulls for a bounce.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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