- ES Hour chart show1319 as resistance level.
- 200 Hour moving average also shows a bearish alignment.
- 1298 is the next level for bears to break.
- IWM WEEKEND UPDATE
April 18, 2011
- Daily chart is shown with a possible support and resistance line.
- Fibonacci chart of weekly time frame shows price not able to close outside 50% and 61.8%. So closing outside this range can give good direction.
- 3rd chart shows weekly trend line resisting nifty. But stochastic has not reached over bought levels So a sell is not yet confirmed.
- CNX - IT CHART ANALYSIS