- ES Hour chart is trying for a pull back, But price should remain above the band of 1309 - 1312 for a meaningful up move to happen.
- Price falling below 1309 will favor bears.
- Price is trying to break above the 50 hour moving average and the cloud. Real strength for bulls could emerge once price closes and sustain above the cloud.
- Price if falls below the cloud again will give a good trade for the bears.
- Dow Jones Positive Divergence CLICK HERE
Posted by San at 7:17 PM
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.