Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 14, 2012
ES Chart update
ES Hour chart shows a range breakout.
Price falling back below 50 Hour SMA shall result in a failed breakout.
If the breakout sustains price may target the red resistance line as shown in the last chart.
A failed pattern may result in a fast fall in favor of bears.
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