S&P 500 Futures testing resistance line

• ES One hour chart is testing resistance line drawn from 1270 levels.
• Price is also near 100 Hour SMA.
• Price sustaining above 100 Hour SMA May result in a bounce.
• Hour chart has a bearish cross so for the up move to sustain price has to move up substantially which may not happen. Bigger up move only if price is able to break and sustain above 200 Hour SMA,
• S&P 500 WEEKEND UPDATE