- ES 4 Hour chart near support zone. Below this level ES may test 200 period SMA of 4 Hour time frame.
- Cloud of 4 Hour chart continue to act as resistance.
- CRUDE OIL CHART ANALYSIS
September 4, 2012
- Bank of America Weekly chart shows price getting resisted near range top at 8.4.
- Next chart is BAC Weekly chart with cloud which shows price unable to breakout above the weekly cloud. For a possible up trend to start price must breakout above the weekly cloud.
- Daily chart shows immediate support at 50 Day SMA. Sustaining above it may avoid a correction and start an up move.
- JPMORGAN CHASE CHART ANALYSIS