January 5, 2011

S&P 500 Futures Before opening bell

  • ES Four hour chart with 50 period moving average.
  • Price took support at the 50 period moving average today. This moving average in four hour chart has given good support till now.
  • Staying above 1258-1259 level will favour bulls.
  • For bears price should stay below 1258 and the 50 period moving average for creating downward momentum.
By at

1 comment:

  1. mynacJanuary 5, 2011 at 9:38 PM

    Dear San,
    Wishing you a very happy Birthday.It is a very nice coincidence that your and Dear Ilango's Birthday,on the same date.Very Nice.

    ReplyDelete

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