October 10, 2012

ES Chart Analysis

 
  • ES Daily chart testing 50 Day SMA. Bulls would need a Doji daily candle at this level for a possible up move.
  • Second chart shows ES below the rising black support line. Shaded portion may save ES bulls from a bigger fall.
  • Below the shaded portion the Double top or a Bearish M will be effective.
  • CRUDE OIL FALLING WEDGE
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