August 25, 2016

S&P 500 Futures testing support zone

  • ES daily testing 20 Day SMA. Recent tests of this moving average has favoured ES bulls. A Daily close below this line may turn things in favour of bears.
  • 4 Hour chart looks weak But price is testing crucial support zone between 2165 - 2173. Price structure will favour bears only on closing below this zone.

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