December 9, 2011

ES Resistance levels

  • ES is testing the broken rage and is likely to get resisted there.
  • Price has also fallen below 50 period sma of four hour time frame. For bulls price has to get back above this level for an up move to happen. Price staying below 50 Period SMA of this time frame will help bears to extend gains.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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