August 23, 2011

S&P 500 Futures Hour chart analysis

CHART-III
  • Price has rallied to the upper end of the range.
  • If hour does not close above 1153 we may see a correction here.
CHART-I
  • ES is still stuck in a range.
  • 50 Hour moving average is not showing any trend.
  • Price has to stay below 1111 or above 1153 for bigger moves to happen. 
  • SILVER CHART UPDATED

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