July 2, 2012

ES Chart analysis

  • ES Approaching possible resistance line in four hour chart.
  • Daily chart is sustaining above crucial support levels like 100 Day SMA and Horizontal support line. 
  • Beast scenario for bears would be to get resisted at the resistance line shown in four hour chart and a fall below the support levels shown in daily chart.
  • Bulls will be stronger on trading above the resistance line shown in the first chart.

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