April 22, 2013

ES Chart analysis

  • ES 30 Minutes chart shows price in a small range. Price above the cloud should lead to an upper breakout.
  • One hour chart shows price ranging above 100 Hour SMA. Sustaining above 100 SMA should lead to 200 Hour SMA.
  • 4 Hour chart shows price ranging at 38.2% Fib level with next resistance at 50% and support at 23.6% fib level.

No comments:

Post a Comment