January 31, 2017

ES Analysis after closing bell

  • Falling price was stopped at the Triangle resistance line.
  • Now 2272 and 20 Day SMA are crucial numbers for bears to close below. 
  • Many bulls got in after the Triangle breakout and above 2278 So If that breakout and 2278 becomes invalid many bulls would panic which can result in bigger falls. 
  • For that Scenario bears need to close below 2272 and 20 Day SMA till then Bulls are safe.
  • GOLD Chart update

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