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SP500 Future (es) W/D/3h Charts (02/23/14)

(2014-02-23 13:58:47) 下一个
NOTE: 

Weekly chart continued to paint a range market with an upside potential as suggested by a flat Pinky and positive FVO and SYNC. Pinky is sitting at 1791 so a swing about 45 handles around 1791 should not be a surprise here. Noticing the lower trading band and Thick blue are near 1745 area as well. The doji candle is a concern but with no indicators suggesting any bearishness yet I will treat it as a sign of consolidation to digest gains made from last 2 weeks. Weekly close above all time high or the 1850 will signal continuing strength and below 1791 and worse 1745 will change the outlook of this chart and suggest further weakness ahead.

Daily charts showed a consolidation at high (hugging around the upper trading band) which implies a bias to the upside. Daily indicators agree with this assessment. Again the midline of the tranding band is around 1791 and thick blue 1803. So these two levels will serve as supports. A break of the 44-5 resistance and new all time high could suggest a move in the range of 100 handles from here. On the down side the 1771 level is a key support level for bulls

3-Hour chart showed that ES is in an inflection point (neutral) and is sitting at the thick blue & the midline. So up to 1844 and down to 1823. Close below a flat Pinky normally leads to further weakness unless ES can close back up quickly.

SUpports: (28-31), 23, 17-8, 11, and 03; Resistances: 37, 41, 44-5



WEEKLY



DAILY



3-HOUR

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10things 回复 悄悄话 可能去做个右肩
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