November 17, 2011

ES Chart Analysis

  • ES Daily is near previous resistance level which has given good support till now.
  • 2nd chart shows the diamond and triangle patterns. Breakdown from the diamond pattern gave a nice down move. But the triangle is yet to show its effect. Failing to fall below 200 Period SMA might result in a bullish move.
  • For bears price has to break below 200 Period SMA.
  • GOLD CHART ANALYSIS

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