October 12, 2012

S&P 500 Futures chart update

  • ES 4 Hour chart shows price in a rectangle like range with price at the range bottom
  • Daily chart too shows price above crucial support levels.
  • 4 Hour chart shows price getting resisted at 200 period SMA. Close above this line should start an up move towards the top of the range. Trouble for bulls below 1424

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