March 11, 2015

S&P 500 Futures chart update

  • ES 4 Hour chart shows price at 50% Fib level
  • Last chart shows price testing a crucial support resistance zone. If this level is gone on closing basis more falls are likely. Bulls need to stay above this zone to avoid bigger falls.
  • 2nd chart is shown with 200 SMA. All major falls recently has tested 200 SMA. Price likely to test 200 SMA This time too.


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