March 8, 2013

ES Chart update

 
  • ES 4 Hour chart shows price continues to trade inside the range.
  • Bulls getting support at 23.6% Fib level as shown in second chart. 
  • Last chart shows price testing hourly cloud. Bears need a cloud breakdown for a bigger fall to start. Price sustaining above the cloud may lead to a range breakout in favor of bulls.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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