November 26, 2010

S&P 500 Futures chart analysis

  • First chart shows a big triangle formation developing in ES four hour chart which will give direction soon.
  • Next chart shows the ichimoku cloud acting as resistance confirming that sell on rallies is a better a option until the trend changes completely.
  • 1170 and 1205 are important levels to watch out for.

No comments:

Post a Comment