- ES testing daily ichimoku cloud. Unable to hold above this level may lead to more falls. This zone may also lead to an oversold bounce before fall resumes again.
January 24, 2014
- Dow Jones daily chart shows price testing 50 Day SMA.
- Second chart shows the previous resistance zone trying to act as support.
- The rising suport line from 14850 levels has been violated. Breaking the horizontal support zone on closing basis will extend gains for bears.
- ES Chart analysis