March 2, 2015

ES Trend update

  • ES 4 Hour chart shows price nearing the cloud. Volatility is likely to increase as price test the cloud.
  • 2nd chart shows a crucial support resistance zone. Closing below this may confirm weakness in this time frame.
  • Bigger weakness can only be seen if price closes  back into the daily cloud. 
  • If price stays above the 4 hour cloud new high's are possible.
  • Facebook bearish engulfing and Target levels

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