October 10, 2012

ES Chart update

  • ES has fallen below the support line of the ascending triangle which is bad for bulls.
  • But bulls has crucial levels to their support in 200 Period SMA of 4 Hour time frames and Horizontal support lines.
  • Breaking below the horizontal support lines could set ES for the Double top Target which is about 40 points below these lines.
  • CRUDE OIL FALLING WEDGE
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