Week Ahead – Short Term Price Targets

On Apr-11-2014  ES broke below 100 day moving average (1816).  Market closed around 1811 and this is sitting right on 1 year SD-1.

If price breaks below 1810 (SD-1) , following are the major support lines

1) 1792 : This is the support from the trend line that started from Nov 2012.

2) 1750:  200 Day moving Average

3) 1720:  I year VWAP.

 

ES price targets. 1792 : Support from Trend line. 1750 area : 200 day moving average.

If SD-1 breaks (1810), there is a natural tendency for price to visit VWAP area ( 1720).

 

Posted in EOD Analysis