November 2, 2011

ES Fibonacci levels

  • ES Bounce is not able to cross 38.2% Fib level. For bulls price has to stay above 38.2% for a possible up move to happen.
  • 2nd chart shows price below the 50 Period SMA of four hour time frame. In case of an up move this level will act as resistance.
  • ES FALLING SUPPORT LINE

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