July 1, 2011

ES continue to stay above the cloud

CHART-II
  • Range mentioned below has given a good breakout for bulls.
CHART-I
  • ES 30Minutes chart shows price with ichimoku cloud.
  • Price continue to be in a smooth up trend in this time frame.
  • 15 Minutes chart shows price in a small range between 1312 - 1317. This range has to be resolved for bigger movements to happen.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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