November 8, 2013
- ES Daily chart shows price trying to stay above 23.6% Fib level. This level has to be broken on closing basis for bigger falls to happen.
- 4 Hour chart shows price sustaining below the cloud which will favor es bears on up moves.
- One hour chart shows a bearish cross with 50 and 200 Hour SMA, Up moves are likely to face resistance near these moving averages.
- Dow Jones analysis after closing bell
- Bank Nifty Daily chart shows price unable to sustain above 200 Day SMA
- Price near Rising up trend line from 8605 levels and 20 Day SMA. Breaking these levels on closing basis should take price towards its 100 Day SMA.
- Dow Jones Channel resistance