October 17, 2012

ES Trend update

  • ES one hour chart shows price trending up above the trend line.
  • 30 Minutes chart shows price above the cloud which will help bulls to extend the up move. 30 Minutes also shows negative divergence with MACD indicator which may give a pullback.
  • Daily chart shows price entering a resistance zone. Bulls need a daily close into this zone to confirm further bullishness.
  • APPLE UPDATE
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