Posted by San at 7:11 PM
- ES is approaching a trend line in daily time frame
- 1290 is an important support resistance level which may coincide with the trend line and price may give a bounce from here.
- Break of the above mentioned level may push price to the 200 Day moving average. When a stock meets its 200 DMA after a long gap it results in a good trading bounce.
Posted by San at 6:34 PM
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