December 6, 2011

S&P 500 Futures Hour chart analysis

  • ES is moving towards 100 Hour SMA we might see a decisive move from this moving average.
  • Violation of the support and resistance lines or the up trend line may trigger a big move.
  • For bears the violation of cloud did not sustain. If price dips below the cloud again we may see good move in favor of bears. 
  • For bulls price shall breakout and sustain above the resistance line.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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