July 17, 2012

S&P 500 Futures chart analysis


  • ES Four hour chart is in a range near Golden ratio. Price sustaining above 50 period SMA is good for bulls. Bulls need a breakout above the black line shown in last chart for the up move to extend towards 1370 levels.
  • Price sustaining below 1350 would lead to a correction towards 1335 levels.
  • S&P 500 ANALYSIS AFTER CLOSE



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