February 26, 2013

S&P 500 Futures chart update

 
  • ES 4 Hour chart is consolidation below 200 Period sma. It was a similar price action yesterday which was below 100 Period SMA.
  • 4 Hour has clearly fallen below the Ichimoku cloud which will put pressure on bulls at higher levels.
  • One hour chart shows another bearish flag kind of consolidation which happened yesterday.
  • SPX ANALYSIS AFTER CLOSING BELL
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