CHART-II
- ES Breaks the support line. Trading below 1164 will be negative for the bulls
CHART-I
- S&P 500 Futures hour chart seems to be developing into an ascending triangle formation with 1181 as the main resistance level. Index is not able to cross this resistance for some time.
- The supporting trend line is also looking strong, So price converging between these two lines will result in a breakout soon.
- Trading below 1164 will be negative for the bulls. Trading above 1181 will favour the bulls.
- DOW JONES RESISTANCE LINE
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