My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 9, 2013
ES Back to resistance zone
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh28UsA2zR9YlyY1HNeOwqvqlbb6LKjCrpfP7OPIb92CiKOU20uHeQahFoZvRG7gZ0beZiHVJIJwCChiEa1b1BwD9k2kHwFM9_YOH4LvH7W77EMBFTKKby4aM5eCA0QSZY-S_hsdgrRxBY/s640/es+fibonacci+levels.png)
- ES 4 Hour chart shows price near the falling resistance line
- Confluence of resistance with 200 Period SMA and recent Swing high at 1667 levels.
- Presence of 50% retrace level will also make it tougher to do a breakout here.
- APPLE Weekend update
IWM Weekend update
- Weekly chart of IWM shows price in a strong up trend and price is testing the falling resistance line and 20 Week SMA. These two levels has acted as good support areas for entering longs.
- Daily chart too is showing a MACD bullish cross. If price stays above the falling resistance line we may see an up move in IWM towards the recent high's.
- APPLE Weekend update
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