January 28, 2014

ES Support and Resistance levels

  • ES 30 Minutes cloud has acted as resistance so far, But now price is trying to stay above it.
  • One hour chart shows price below 50 Hour SMA. Price must break above 50 Hour SMA and the shaded resistance level for a bigger up move to happen.
  • Daily chart shows bulls struggling to protect 100 Day SMA. 
  • GOLD Trend analysis

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