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SP500 Future (ES) Charts (04/16/14)

(2014-04-16 16:38:15) 下一個
1.  Daily ES went as high as the 57 resistance and retreated.  The close is right at three important lines: PL, TBL, and midline of trading band which serves as a fulcrum now.  Indicators are mixed and ES starts to emerge from oversold zone so there are rooms for bulls to run here if ES can stay north of the fulcrum.  A failure here could lead to additional weakness and a test of the recent low.

2.  ES starts to print green candles which is always a good sign.  However PL is still under TOL.  If bears can reverse direction here things will turn ugly quickly.  So watch 40.5 and 31.5 supports like a hawk.  PL and trading bands are all point up and indicators are bullish. 

3.  RS levels:  88.5, 81.5, 77, 73.5, 68.5,  56-7,   40.5,  31.5, 23.5, 16.5, 03.25, 1797,  and 1771



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10things 回複 悄悄話 sp500 is a lot stronger than nasdaq these days. no clue where they are going.
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