February 5, 2013

ES Chart analysis

 
  • ES Four hour chart finding support the support line of the Right angled ascending broadening pattern.
  • Other support levels at the same level are the 4 Hour cloud and Daily chart shows a possible trading range forming above 20 Day SMA.
  • Bears need a fall below 20 SMA for a bigger correction to happen.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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