September 30, 2013

ES Trend update

  • ES one hour chart shows price trending down in a channel
  • 4 Hour chart shows price testing the crucial 200 period SMA. Sustaining below this level could lead to a bigger fall, Recent violations of this moving average has resulted in good trading moves.
  • Hope for bulls is in the Golden ratio and previous resistance level which may turn support.
  • IWM Weekend update
  • DOW JONES Weekend update

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