March 29, 2012

ES Trend update

  • ES one has fallen below 50 Hour SMA and the hourly cloud.
  • Tills price stays below them it will face selling pressure at higher levels.
  • But for bears a bigger fall is possible only on breaking the up trend line of four hour chart shown in the  last chart. Staying above this line should give an opportunity for bulls to move up again.
  • SPY HOUR CHART ANALYSIS


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