August 27, 2012

S&P 500 Futures Hour chart analysis

 
  • ES Hour chart with resistance level and Fibonacci levels which may act as resistance.
  • Price sustaining above 200 Hour SMA will favor bulls. Price breaking above 80% retrace level will strengthen bulls further.
  • Bears need a fall from 61.8% - 78.6% Fib zone to avoid a bigger up move.
  • S&P 500 WEEKEND UPDATE

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