July 11, 2012

ES Support levels

  • ES Four hour chart near channel support line.
  • Price is also near 200 Period SMA.
  • Breaking 38.2% Fib level and 200 Period SMA could extend the fall.

1 comment:

  1. on my 120m ES, if u draw up trendline from bottom like u did to the first low (25 Jun) and let 28 Jun spike thru (but did not close under) the TL, this TL meets the 10 Jul last bar low exactly.