February 21, 2013

ES Trend update

  • One hour chart is looking ugly for bulls But 4 Hour time frame is showing some hope.
  • 4 Hour up trend line is violated Now Bears need to break the horizontal support zone marked on 2nd chart to challenge the trend.
  • Price is testing the 4 Hour cloud. Recent tests has resulted in reversals in favor of bulls from the cloud.

No comments:

Post a Comment