- Triangle in gold chart in its four hour time frame.
- This is a big one break of support or resistance line can give more than 50 points towards the side of breakout provided there is no false breakout.
January 19, 2011
- ES has violated the support area mentioned below.
- Sustaining below this level will strengthen the bears.
- ES Breaks below 50 hour moving average.
- Support zone is at 1282.25 - 1284.25
- Hour trend will be in trouble only if price closes and sustains below 1282