January 27, 2014

ES Chart Analysis

  • ES Daily chart shows price trying to take support at 100 Day SMA.
  • One hour chart shows price nearing 23.6% Fib level. 30 Minutes shows price nearing the cloud which may act as resistance. Price if breaks these immediate resistance levels in smaller time frames will see a bigger and faster up move.
  • Bears need to stay below 100 Day SMA for extending the fall.
  • Bank of America Weekend update

No comments:

Post a Comment