December 13, 2012

ES Chart update

  • ES Correction from 78.6% Fib level pausing at golden ratio. For bears price need to sustain below golden ratio for a bigger fall.
  • Price is also pausing at the Daily Ichimoku cloud and 50 day sma. Holding above these two levels may help bulls to move up again.
  • DOW JONES ANALYSIS AFTER CLOSING BELL
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