ES Daily chart shows bulls trying to take support near 200 SMA and Golden ratio.
Hourly chart shows price continues to trade below the cloud. Bulls need price to move above the hourly cloud for a bigger bounce to happen. Unable to move above the cloud may resume the fall.
Silver is at a crucial support line. Breaking below this will help bears to extend the weakness shown in weekly chart. Silver bulls need to move above the hourly cloud for a possible swing up move to happen from the support line.
The Death cross and Head and shoulders shows bigger bearish possibilities. But the neck line with an Oversold RSI may give a possible bounce in favour of bulls. Bulls need a bullish candle here or at the neck line to confirm strength.
Bears gets more strength on a weekly close below 7961 level.
