March 25, 2011

ES Before opening bell

  • ES Hour chart is trending up in favor of bulls. 
  • Trend line will act as support in case of a correction along with 1296 level which acted as support in hour chart.
  • 200 and 50 Hour moving averages too is showing a bullish alignment.
  • Weakness will be seen if Price starts to trade below 50 hour moving average.
  • SPX Closes above 50 DMA.Four hour chart hits the resistance line: CLICK HERE

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