October 9, 2013
- ES Fib chart shows price breaking support levels consistently. Next in line is the 78.6% Fib level. Daily chart shows price below the cloud which is also bad for ES bulls. Last chart shows price breaking crucial moving averages again. If price sustains below 100 SMA this time it may slip down to the 200 Day SMA.
- DOW JONES Near 200 Day SMA
- Dow Jones has closed below the slopping support line as shown in first chart. Price is trading closer to the swing low of 14760. Price is also trading closer to 200 Day SMA. Bears would like to see a close below 14760 and 200 SMA tomorrow for a bigger fall to follow.
- ES VIOLATES SUPPORT LEVELS