A look at the 4 hour $ES_F chart |


 This post is simply a update to a previous post from December 7, 2012. 

Just a quick thought this Friday night….. When looking at the 4 hour ES_F you can see a rough inverse H&S with the head d0own under 1340 with the right shoulder currently being carved out..

A break over the 1420 level could trigger a move up into the 1433 (Green dot) support turned resistance area from the October 19, 2012 one year trend break from 1262 support

 

Related Hedge Accordingly Content
Bill Ackman, Pershing Square CEO and Founder, spoke with Bloomberg...
In an interview on Bloomberg TV’s “Market Makers” with Mike...
H∆ Top10
Ackman: We Spent Investors' $50M Probing Herbalife, $HLF's Nutrition Club Is 'Total Fraud'
SocGen CEO to Ruhle: Putin more rational than some think; wants 'self-funded' growth in Russia.
Christine Lagarde: U.S. Economy Not in a "Downward Spiral", U.S. IS STILL A LOCOMOTIVE OF GLOBAL ECONOMY
Indicators which foretell the future? You don't say..(SPY)
Charles Plosser: Fed is getting closer to its objectives for full employment and price stability.
Goldman's Gregg Lemkau on falling short in Q1 M&A ranking $FB
A look at the gold price vs the S&P 500 | $GLD $SPY $ES_F
Elon Musk to @BloombergTV: "We had conversations with Apple" $TSLA $AAPL
Open interest In 10 & 30 Year U.S. Treasury Note Futures At Record Levels #TLT #TBT #ZB_F
Fed Pres Bullard: Inflation to head higher; Unemployment falling to 6%; Fed 'closer to normal monetary policy

Archives

wordpress stat
Hedge Accordingly by HedgeAccordingly is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Based on a work at http://www.hedgeacccording.ly