January 23, 2012

ES Trend update

  • ES has given a false breakout from the range in hour chart.
  • Bears will be stronger only if price falls below the support line of the range.
  • Staying above the support line will keep the bulls interested for making another attempt to close above the resistance line.
  • Hourly trend will change below the cloud.
  • US DOLLAR AT 50 SMA

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