May 5, 2011

ES Fibonacci levels

  • ES Four hour chart with fibonacci levels shows price near 50% Retrace, Price falling below this level can take ES to 1322 level today.
  • Sustaining above 50% can result in a bounce in favor of bulls.
  • Price has fallen below 200 Hour moving average. For bulls price has to come back above this level for bigger up moves to happen.
  • SLV ANALYSIS AFTER CLOSING BELL

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