Thursday, November 1, 2012

S&P 500 Futures Sell Zone

ES has entered a sell zone. This area is loaded with laminates of resistance:
  1. Horizontals @ 1424, 1431.50 & 1435
  2. 4hr 200ema & 200sma @ 1424 & 1435
  3. 50dsma @ 1428.50 (not shown on this 4hr chart) 
  4. 50% and 61.8% Fibs @ 1426.25 & 1434.25
I will use this opportunity and sell more ES in this 1424 - 1435 zone.

Do not even think about taking this as an advice to trade. Do your own research please!!

click on chart to enlarge

No comments:

Post a Comment