June 25, 2013

ES Chart analysis

 
  • ES one hour chart shows price trying to sustain above 50 Hour SMA.
  • One hour cloud will act as stiff resistance. Price has to trade above the cloud of this time frame for turning the trend.
  • Fib levels shows price at 23.6% Fib level. Price must stay above this level to target 38.2% Fib level.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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