August 31, 2011

S&P 500 Futures Chart analysis

 
  • ES Hour chart shows support levels at 1201 and 1193
  • 50 Hour moving average may also act as support.
  • Price in daily chart is moving towards the upper bollinger band
  • Hour chart also shows a possible resistance line. If price moves up this resistance line in hour chart and bollinger band in daily time frame may act as resistance. So resistance will be around 1229 level approximately.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
  • ASCENDING TRIANGLE OF SILVER

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