December 16, 2013

ES Support and Resistance levels

  • ES Daily chart shows price getting support at a sloping line which acted as resistance previously. For bears price must close below this line for a bigger correction to happen.
  • One hour chart shows fibonacci resistance levels. Price is likely to test 50% Fib level. 4 Hour chart shows price below crucial moving averages like 50 and 200 period SMA.
  • GROUPON Weekend update

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