Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 2, 2011
S&P 500 Before opening bell
ES Hour is trending down below the cloud.
Hour is showing a small bear flag pattern which can extend the gains for bears If the low 1296 gets violated again.
Bulls can regain momentum only if they manage to break the cloud and close above it which may not be possible in the short term.
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