November 17, 2011
- ES Daily is near previous resistance level which has given good support till now.
- 2nd chart shows the diamond and triangle patterns. Breakdown from the diamond pattern gave a nice down move. But the triangle is yet to show its effect. Failing to fall below 200 Period SMA might result in a bullish move.
- For bears price has to break below 200 Period SMA.
- GOLD CHART ANALYSIS