My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 14, 2014
ES Chart update
- Previous resistance and 38.2% fib level acting as support.
- 200 Period SMA of four hour time frame is acting as support for now. Bears must break below these levels to extend gains.
- DOW JONES ANALYSIS AFTER CLOSING BELL
DOW Jones analysis after closing bell
- First chart shows daily chart with immediate support levels around 16150 levels.
- Second chart shows price closing below 20 Day SMA. If price stays below this line bears may get a trending down move.
- Last chart the weekly time frame shows the previous channel resistance line as possible support level for a bigger fall.
- ES Broadening pattern BREAKDOWN
ES Chart update
- One hour chart shows breakdown from the Broadening pattern.
- 4 Hour chart shows price testing 38.2% fib level. Price also near previous resistance zone which may act as support.
- CRUDE Oil Trend update
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