- Price gave a correction as discussed in the below chart.
- Now it is near 50 Hour moving average and the channel support line. So an up move is possible from this level.
- Bears will become stronger if they manage to break the channel.
- ES Hour with the Ascending channel.
- Price at 1343.75 hits the channel top. We may see a correction But things will favor bulls till price remains in the channel.
- 1334 is an important support level for today.
- ES BREAKOUT