September 14, 2011

S&P 500 Futures chart analysis

  • ES Hits 200 SMA for four hour time frame
  • Twice  this line has helped bears with a correction
  • Now for the up move to continue price has to sustain above this level. 1203 will be the next resistance level if price manage to breakout.
  • SILVER REFUSING TO CLOSE BELOW 50 DMA

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