Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 1, 2011
ES Update
ES Four hour chart has broken 50 and 100 period SMA.
Bears can extend gains if they continue to sustain below 100 SMA.
Next target is the 38.2% Fib level of the recent up move. Price may take a pause at this level.
ES INTRADAY UPDATE
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