October 5, 2011
CHART-II - UPDATED
- ES unable to cross the resistance line on this attempt. Correction if limited to 50 Hour SMA we might see another successful attempt to break above the resistance line.
- ES staying above 50 hour moving average will favor bulls.
- But price has to break and sustain above the resistance lines for continuing this bounce.
- Failing to move above the resistance line may resume the fall.
- AAPL 200 SMA TRADE
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