- Facebook fading the gap in daily chart. GAP will be closed at 26.73.
- Range of daily chart was about 6.7 points. Trading above 26.73 this up move of FB may extend towards 30.95 levels.
- Weekly chart shows possible resistance levels with Fib levels.
- ES TREND UPDATE
November 29, 2012
- ES Four hour chart shown with next target or resistance zone.
- Daily chart shows price violating 50 Day SMA. Bulls need a close above this level for extending the up move.
- Bulls also need to breakout above the daily cloud to extend the up move.
- S&P 500 ANALYSIS AFTER CLOSE