April 2, 2012

S&P 500 Futures support levels

CHART-II - UPDATED
  • ES bouncing from the hourly cloud which was one of the support levels discussed below.
CHART-I

  • ES Hour chart near 200 Hour SMA and Cloud support levels
  • 38.2% Fibonacci levels too may act support for the current fall.
  • Breaking the cloud may extend the fall towards the Golden ratio.



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