- Facebook 4 hour chart falling towards up trend line.
- Price is sustaining below Hourly cloud and crucial moving averages in one hour time frame. Up trend line and 200 Hour SMA may be held for a bounce.
- ES VIOLATES SUPPORT LEVELS
October 8, 2013
FACEBOOK Trend update
ES Violates support levels
- ES Violates Golden ratio. Daily chart has broken the up trend line. ES bears need a daily close at these levels or lower for extending gains. 4 Hour chart is trading below 200 period SMA.
SPY Analysis after closing bell
- SPY Multiple support levels. 100 Day SMA and Daily Cloud is yet to be tested. Intra week violations of these levels are possible. Only a weekly close below the up trend line will weaken the bullish case badly.
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