My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 7, 2014
S&P 500 Futures chart analysis
ES nearing the apex of a contraction pattern as shown in first chart. Bigger move can be seen once price breaks one of these lines. For now bulls have the upper hand as price sits above 200 Hour SMA. Bulls must protect 200 Hour SMA for a bigger up move to happen.