- ES 4 hour chart shows price testing 200 period SMA
- 4 Hour chart with fib levels shows price testing golden ratio.
- Daily chart is at Ichimoku cloud which has to be held to avoid a bigger fall.
- ES Descending triangle breakdowns
October 3, 2013
- Descending triangle shown below has given a breakdown in favor of bears. Weakness will persist as long as price stays below 1675 levels.
- ES Hour chart shows a descending triangle pattern. Hourly close below the support zone shown in first chart may extend the fall.
- Crucial resistance at 200 Hour SMA. Bulls need to sustain above 200 Hour SMA For a sustained up move to happen
- TESLA Motors chart analysis