April 20, 2012

S&P 500 Futures channel update


  • ES one hour chart the channel with 50 Hour SMA. Price sustaining above 50 Hour SMA may lead to the channel top gain.
  • Four hour chart shows price getting resisted above 200 period SMA. Bulls need a clear breakout above this level or another correction towards 50 Period SMA of four hour chart can happen.
  • S&P 500ANALYSIS AFTER CLOSING BELL


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