February 25, 2011

S&P 500 Before opening bell

  • ES Hour chart is trying for a pull back, But price should remain above the band of 1309 - 1312 for a meaningful up move to happen.
  • Price falling below 1309 will favor bears.
  • Price is trying to break above the 50 hour moving average and the cloud. Real strength for bulls could emerge once price closes and sustain  above the cloud.
  • Price if falls below the cloud again will give a good trade for the bears.
  • Dow Jones Positive Divergence CLICK HERE

1 comment:

  1. Thanks Dear San,

    Its Very Nice on your part to include 'The Third Eye' at your Blog List here.I am obliged.

    Sincere Thanks and Regards.

    Keep it up.