April 17, 2012

S&P 500 Futures chart analysis

  • ES Four hour chart is still below the resistance line.
  • Four hour chart also shows a bearish cross. So bulls must break and stay above 50 and 200 period SMA for negating the effects of bearish cross.
  • Crossing 50 period SMA may give an up move towards 200 period SMA.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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