Market Update, 2010.03.16

16. March 2010
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ES Weekly: We are hitting a possible resistance at the 1157 area as shown in the chart below.  Both blue arrows are the same length. 

 
 
ES Daily: Looking more closely at the daily movement, using the same technique as above (both blue arrows are the same length, an ABC pattern), we also have resistance at this same area.  It will be interesting to see what reaction happens here.
 

Market Update

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