November 2, 2012

S&P 500 Futures chart analysis

  • ES 30 Minutes shows the range breakout following positive news.
  • But 4 Hour chart shows price nearing Golden ratio.
  • Daily chart shows price about to retest 50 Day SMA. These two levels on the bigger time frame may act as resistance for the bulls.
  • S&P 500 ANALYSIS AFTER CLOSE
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