December 16, 2010

S&P 500 Futures Before opening bell

  • First chart shows ES hour in a descending channel.
  • Price should sustain above 50 hour moving average and the black trend line for resuming the up trend. till then it is an easy sell on rise.
  • Second chart shows price struggling to stay above the cloud and 50 hour moving average. We had one such breakout attempt yesterday which was got sold off.
  • BAIDU GIVES A SELL FROM ITS DIAMOND PATTERN

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