October 9, 2012

S&P 500 Futures update

  • ES daily candles shadows looks good for bears after this correction. But bears need to do more as they approach crucial support levels as shown in 4 Hour charts. Price is testing an up trend line and below that price has to deal with 200 Period SMA. If the correction is limited to these levels we may see an up move towards the recent highs again.

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