April 18, 2016

 
 
  • First chart shows immediate support levels in one hour time frame. 
  • Daily chart is shown with the crucial resistance line. Bears of ES hoping for price to stay below this line followed by a breakdown.
  • Bigger weakness in one hour time frame if price starts to trade below 200 Hour SMA.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore