October 5, 2011

S&P 500 Futures near resistance line

CHART-II - UPDATED
  • ES unable to cross the resistance line on this attempt. Correction if limited to 50 Hour SMA we might see another successful attempt to break above the resistance line.
CHART-I
  • ES staying above 50 hour moving average will favor bulls.
  • But price has to break and sustain above the resistance lines for continuing this bounce.
  • Failing to move above the resistance line may resume the fall.
  • AAPL 200 SMA TRADE

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