November 4, 2011

ES at Golden Ratio

  • ES Four hour chart sustaining above 50 SMA will favor bulls.
  • Last hope for bears is the Golden Ratio of the recent fall. 
  • Price sustaining above Golden ratio will give new highs. 

1 comment:

  1. .618 at 1257 is the fib of the 1370 to 1074 decline, a normal resistance. I still see 1292/93 double top coming. I dont have a confirmed sell signal, but that is where I expect to get it