June 28, 2012

ES Chart analysis


  • Crucial chart for shorter time frame traders is the second one, price is stuck between the 200 Hour SMA and the Ichimoku cloud. Breakout could give a meaningful move in ES 
  • A bigger move might not happen until the contraction shown in daily chart gets resolved.
  • 4 Hour cloud shown yesterday is acting as strong resistance.
  • S&P 500 ANALYSIS AFTER CLOSING BELL



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