September 25, 2015

S&P 500 Futures Technical analysis

  • ES Daily in a small range between 23.6% And the golden ratio.
  • Week is consolidating below 50 Week SMA. As long as price stays below this line there is a chance of a bigger fall in favour of bears.
  • Month chart shows the possibility of a fall towards 1500 - 1600 zone if price breaks below 23.6% Fib level.