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
  In an interview with Bloomberg’s Tom Keene, economist and...
  Pimco’s Bill Gross spoke with Bloomberg Television’s Trish Regan...
H∆ Top10
Krugman to Tom Keene: Nobody wants us to become Cuba
Indicators which foretell the future? You don't say..(SPY)
CEO of Carlyle Group David Rubenstein: Philanthropy, Income Inequality and Private Equity
Michael Lewis Author of 'Flash Boys': David Einhorn is like a 'Dumb Tourist'
NYSE TICK & Emini Correlation Lesson (SPY)
Carl Icahn: I don't talk positions BUT... I might be buying $eBay
Higher Mongolian Cashmere Prices?
The $100,000 Kiton Custon Hand Tailored Suit
Bloomberg TV's March Madness - Dimon, Tepper, Cohn, Einhorn, Lasry final four picks
Goldman's Gregg Lemkau on falling short in Q1 M&A ranking $FB

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