April 12, 2011
15 MINUTES CHART
- ES Daily chart with 50 day moving average.
- If Price does not Break 50 DMA soon we may see a bounce from this level.
- Price in 15 Minutes chart is near its 50 Period moving average. If price sustains above 1314.50 a bounce is possible.
- Staying below 1310 will favor bears.
- SUPPORT LINE OF APPLE
- Weekly chart of CNX - IT has given a shooting star candlestick pattern.
- Price got resisted near 78.6% Last week and closed near 61.8% Fib level. If price continue to stay below the golden ratio we may see a correction in this index.
- Bearish candle has formed below the Broken weekly trend line which can act as resistance.
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