March 15, 2012

ES Hour chart analysis

  • ES One hour sustaining above the cloud and 50 Hour SMA will favor bulls for a breakout above the shaded resistance level.
  • Hour trading above the resistance line may give another 8 to 10 points on the upside.
  • Weakness in hour time frame if price falls below 50 Hour SMA.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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