June 7, 2011

ES chart with a possible reversal setup

  • First chart is four hour time frame with 10 and 21 period moving averages. The candle at the swing low seems to be a powerful reversal candle. If price stays above 10 period moving average we may see trend turning in favor of bulls.
  • For bears price should stay below 1290 which is near the Golden ratio in daily time frame.
  • SPX ANALYSIS AFTER CLOSING BELL

No comments:

Post a Comment