August 16, 2013
- ES one hour chart shows the levels which bears must break to extend this down move.
- Bulls need to protect 50 Day SMA to avoid a bigger fall.
- 4 Hour chart shows the broken support levels which may act as resistance if price bounces from here.
- SPX Analysis after closing bell
- GOLD 4 Hour chart shows price closing above resistance zone.
- Daily chart has violated 100 Day SMA. Bulls of gold need a close above this zone to strengthen this up move.
- Last chart shows potential targets or resistance levels for the current up move. Broken resistance levels and 100 Day SMA may act as support.
- SILVER Trend update