January 17, 2012

S&P 500 Futures at Weekly Resistance line

  • ES Hits weekly resistance line
  • Short term trend will favor bears once price starts to trade below 50 period SMA in four hour time frame. Failure to break below this moving average will not give big moves in favor of bears.
  • GOLD AT 200 SMA


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2 comments:

  1. HS SJanuary 17, 2012 at 9:47 PM

    why not chart SPX instead of ES ? downslope trendline will be higher..

    ReplyDelete
  2. HS SJanuary 17, 2012 at 9:47 PM

    why not chart SPX instead of ES ? downslope trendline will be higher..

    ReplyDelete

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