May 1, 2013

ES Support and Resistance lines

  • ES continue to sustain above the Hourly trend line. Price did violate the trend line briefly but hour was unable to close below this crucial support level.
  • 30 Minutes chart shows price contraction between support and resistance lines.
  • For a decisive down move price must trade below 100 Hour SMA shown in the last chart.
  • BLACKBERRY CHART ANALYSIS
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