February 28, 2013

ES Chart Analysis

  • ES 4 Hour chart near resistance line. Bears need to protect this line for a correction to start.
  • For bears price has to fall below 50 and 100 period SMA of this time frame for a bigger fall to happen.
  • Price violating the falling resistance line will target the black lines shown in second chart.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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