November 8, 2013

ES Chart update


  • ES Daily chart shows price trying to stay above 23.6% Fib level. This level has to be broken on closing basis for bigger falls to happen.
  • 4 Hour chart shows price sustaining below the cloud which will favor es bears on up moves.
  • One hour chart shows  a bearish cross with 50 and 200 Hour SMA, Up moves are likely to face resistance near these moving averages.
  • Dow Jones analysis after closing bell
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