December 17, 2013

ES Chart update

 
  • Price in 4 Hour chart is forming a bullish pattern But it continues to trade below key resistance levels like 200 Period SMA and the cloud of this time frame.
  • Price must close above 200 Period SMA first for a possible up move to happen then it should break and sustain above the cloud for resuming the larger trend.
  • BANK Of America previous resistance as support
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