August 20, 2013

ES Chart update

 
  • ES Hour chart shows price getting resisted and is moving away from 50 Hour SMA. 
  • 30 Minutes chart shows price continues to break below support levels.
  • Daily chart shows price violating 38.2% Fib level. 
  • Strength in hour chart only if price able to get back above 50 Hour sma.



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