February 23, 2016

S&P 500 Analysis After closing bell

  • 4 Hour chart shows price near previous resistance zone 1947 - 1951. Daily chart too shows price near the crucial moving average of 50 Day SMA. last chart with Fib levels shows price at 50% Retrace level. So Bulls need a daily close above this zone to extend this bounce towards 2000 levels. On the other hand Weakness here could take price back towards the recent lows.
  • ES SUPPORT AND RESISTANCE LEVELS
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