- EURUSD Daily chart shows price nearing previous resistance zone which may act as support.
- Second chart also shows price near rising support line.
- Weekly chart shows price near 200 Week SMA.
- ES Descending Triangle pattern
November 1, 2013
- ES one hour chart in a descending triangle pattern. For bears price must sustain below 200 Hour SMA for a bigger down move to happen. The ascending triangle on the left side has done well.
- For bulls of ES price must trade above the hourly cloud.
- SPY Analysis after closing bell