December 12, 2013

S&P 500 Futures 4 Hour chart update

  • ES Sustaining below 200 period SMA will continue to favor bears.
  • Bulls trying to hold above the previous resistance zone which has acted as support so far. This is also the 50% Fib level as shown in chart 3. This area must be broken by bears on closing basis for extending gains.
  • DOW Jones analysis after closing bell

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