August 1, 2011

ES with an Inverted Head and Shoulders

CHART-II - UPDATED
  • IHNS is negated, price fell below 50 Hour moving average giving gains to bears.
CHART-I
  • ES hour chart has a possible inverted head and shoulders pattern
  • For bulls price shall stay above 50 Hour moving average.
  • Price falling below 50 Hour moving average will favor bears and IHNS may not happen for bulls.
  • S&P 500 WEEKEND UPDATE

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