- ES 4 Hour with MACD Shows negative divergence. Price yet to confirm weakness for this Divergence.
- Bears need price to close below 50 period SMA.
- For now price is moving in a range.
November 14, 2014
S&P 500 Futures 4 Hour chart analysis
TATA Steel update
- TATA Steel trying to stay above 20 day sma.
- Crucial resistance at 50 day sma.
- Weak on closing below 460 and 20 SMA Which may test the support resistance zone shown in the weekly chart.
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