- Facebook falling after a dark cloud cover pattern in daily chart. Today's candle closing at the lows will add strength for the pattern.
- 4 Hour chart shows price testing the breakout area. Price falling below this line will extend the fall towards 50 Day SMA shown in the last chart.
- Correction limited to 50 Day SMA may resume the up move.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 6, 2013
FACEBOOK Dark Cloud cover pattern
ES Bullish patterns and Resistance line
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmMm-kA0k-8eSsm1HJGiskh5Q7G4W-kskl6O5JwhQTGySfqhkFrkeIwGIacOSaINW1I9JqDNpygyjP1oiqkMOmonIejOSSKrZLLAq-HA7b0JJigIrQxXYdBSk1REZ2D4RiV3rEu0hnE_Bl/s640/es+daily+resistance.png)
- ES 30 Minutes chart shows last weeks breakout from a cup and handle pattern and today's consolidation in a possible bullish flag pattern.
- Any breakout may not have big upsides today as price is nearing a resistance line in daily time frame.
- APPLE WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
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