June 13, 2014

ES Chart analysis

  • ES 4 Hour chart shows price breaking the rising support line and violating horizontal support levels. Price is near a previous resistance level which may act as support. 
  • 4 Hour cloud is getting tested. Fib level shows price staying below 23.6% level which is not good for bulls as price may correct towards 38.2% Fib level before moving up again.

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