- ES approaching the broken support level which may act as resistance.
- Price is also near 200 Period SMA. Bulls shall sustain above this line for a bigger up move to happen.
- AUDUSD CHANNEL BREAKOUT
April 12, 2012
- Bank nifty getting resisted at 20 and 50 Day SMA. Last swing high of 10502 too is an important resistance level. Bulls must cross these levels for a bigger up move to happen.
- Bigger breakdown Should happen below 50 Week SMA. Price not closing below 50 Week SMA will keep bulls interested for a possible upper breakout.
- S&P 500 EOD UPDATE
- Four hour chart shows price getting support at 78.6% Fib level. Down move will resume once this level gets violated.
- Price sustaining below the cloud should favor bulls. Up moves will find resistance near the cloud.
- Daily chart too tried and failed to cross 50 Day SMA. Price closing above 50 SMA may result in an up move.
- ES RESISTANCE LEVELS
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