October 11, 2011

ES Daily chart Analysis

  • Price staying above the trend line will continue to favor bulls.
  • Bears need price to fall below the resistance line and close below 50 Day SMA.
  • Bulls will extend the up move once they break above yesterday's High.
  • Bears need to wait till the reversal is confirmed.
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2 comments:

  1. CobraOctober 11, 2011 at 7:16 PM

    Hi, I'm Cobra from Cobra's Market View. Could you please update my link? I'm now at www.cobrasmarketview.com, I've added you into my new site, hopefully I could get your updated link here in return. Thanks. :-)

    ReplyDelete
  2. SanOctober 11, 2011 at 8:33 PM

    @Cobra
    I have updated the link.

    Thanks

    ReplyDelete

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