- Facebook fading the gap in daily chart. GAP will be closed at 26.73.
- Range of daily chart was about 6.7 points. Trading above 26.73 this up move of FB may extend towards 30.95 levels.
- Weekly chart shows possible resistance levels with Fib levels.
- ES TREND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 29, 2012
FACEBOOK GAP Fading
ES Trend update
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHgm8_qTlp7qGdYvfySMdHbSalVUjYPAMeM5og962eh09T8ZhkILBseBoxK-la4N9oD2h0a1wvzga5NdyeX6kV3NxqBCk72QI4J6d5Vb_JDggD4zDzV1kRnVAvmzIG8B508wTgowIhhUY/s640/es+daily+cloud.gif)
- ES Four hour chart shown with next target or resistance zone.
- Daily chart shows price violating 50 Day SMA. Bulls need a close above this level for extending the up move.
- Bulls also need to breakout above the daily cloud to extend the up move.
- S&P 500 ANALYSIS AFTER CLOSE
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