April 19, 2011

ES SUPPORT LEVEL

  • ES Finds support near 1294 level. Price did broke 1294 But could not sustain below it. For bears they should try to close and sustain below 1294 for bigger correction to happen.
  • 50 Day Moving Average is an important level. For now price is below it. Bulls will be comfortable to hold longs only if price stays above 50 day moving average.

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