January 31, 2017

ES Analysis before opening bell

  • Most crucial support line for ES is the 200 Period SMA shown in first chart. Close below this line will strengthen ES bears further.
  • Cloud in 30 Minutes and 200 Hour SMA of 60 Minutes are immediate resistance levels. Bulls need to move above these levels to avoid bigger correction
  • Immediate levels to resume weakness is 2267 and 2263 levels on the down side.
  • ES Analysis after closing bell

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