October 9, 2013

ES Chart analysis

  • ES Fib chart shows price breaking support levels consistently. Next in line is the 78.6% Fib level. Daily chart shows price below the cloud which is also bad for ES bulls. Last chart shows price breaking crucial moving averages again. If price sustains below 100 SMA this time it may slip down to the 200 Day SMA.
  • DOW JONES Near 200 Day SMA

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