January 27, 2017

ES Analysis after closing bell

  • ES weakness at the top of 4 Hour time frame after a bearish looking candle. 
  • 15 Minutes chart is staying below the cloud which can extend weakness further.
  • immediate levels to watch out  for strength and weakness are 2289 and 2295.
  • As always one should remember this weakness is a risky play since its against the prevailing bullish trend any time weakness can vanish. So watch out for the levels. Blow 2289 the weakness could extend towards 2280. Above 2295 new highs are possible.
  • GOLD Bearish price action

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