July 27, 2012

S&P 500 Futures chart analysis

 
  • ES Charts shows price moving towards crucial resistance levels.
  • Last chart with fibonacci levels shows Two corrections from near 78.6% fib level. So there is a chance of a Triple top kind of correction. 
  • Breakout above 78.6% would negate the above bearish view and a revisit of the recent High's are possible.
  • S&P 500 ANALYSIS AFTER CLOSING BELL


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