February 12, 2014

S&P 500 Futures before opening bell

  • ES 30 Minutes chart shows price near the cloud. Cloud of this time frame has acted as good support recently.
  • 4 Hour time frame with Fib levels shows potential resistance level in 78.6% Fib level. This level must be crossed soon to avoid a correction.
  • Daily chart shows price above the crucial 50 Day SMA and a previous support resistance zone. Sustaining above this zone will favor bulls of ES.
  • SILVER Near Range Top

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