January 25, 2011

ES Diamond pattern

S&P 500 FUTURES HOUR CHART
ES DAILY CHART
  • ES Hour chart is showing a diamond pattern which looks bearish for now.
  • Daily chart is still trading above the supporting trend line. So weakness can sustain only if the trend line in daily chart gets violated.
  • Up trend will continue if the resistance line gets broken
  • EURUSD NEAR GOLDEN RATIO

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