January 26, 2011

S&P 500 Futures Before opening bell

  • ES Hour chart with an ascending channel formation in hour chart.
  • Right now price is correcting from the top of the channel.
  • If price breaks the middle line we may see a deeper correction.
  • Getting support near the middle line will favour the bulls the push the price up further.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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