April 8, 2014

Bank of America testing support levels

  • Bank of america Weekly and daily chart testing crucial support levels.
  • ES Chart update

ES Chart update

  • ES 4 hour chart shows price pausing at the support zone.
  • Bigger bounce will be possible only if price stays above 50 Hour SMA.

SPY Analysis after closing bell

  • SPY Daily chart testing crucial support zone and Moving averages like 50 and 100 Day SMA. For bulls of spy price should stay above this level to avoid a bigger fall.