February 22, 2011

S&P 500 Before opening bell

  • ES Daily is shown with 20 day moving average.
  • Price has taken support exactly at the 20 day moving average.
  • Es in hour chart has fallen below 50 hour moving average.
  • 50 hour moving average may act as resistance. Price Breaking above 50 hour moving average will favor bulls again.
  • IWM WEEKLY CHART ANALYSIS

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