November 20, 2012

ES Chart analysis

  • ES Daily chart testing 200 Day SMA.
  • 4 Hour chart shows price testing 38.2% Fib level and a crucial support resistance zone. Above this zone price could move towards the falling resistance line shown in second chart.
  • Bears need price to fall and trade below 200 Day SMA.
  • DOW JONES ANALYSIS AFTER CLOSE
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