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SP500 Future (ES) Charts (03/25/14)

(2014-03-25 14:21:41) 下一個
1.  The sideway trading is getting closer and closer to a resolution.  ES continues to trade mostly above flat PL.  Indicators are still in bullish mode and daily remains its sideway/bullish pasture.

2.  Today's trading showed the swing around a very tight rainbow band around 56-7 zone.  The candles with long whiskers indicate indecision and 56-7 continues to serves as a magnet for 3 hour chart.  Since the center line for daily is near 51-2 and 3-H is near 56-7,  it suggests a bullish bias just based on this info alone.  Indicators for 3H start to turn bullish.  My guess is that the odd for a breakup is higher than that of a breakdown based on these two charts.    
 
3.  Short term RS Levels:  81, 75, 66-7, 62-3,  55-6,  51,  45.5 zone,  41-2,  34.5,  28,  23, 11.5


Daily



3-Hour
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