January 16, 2017

ES Morning update

  • ES 4 Hour chart shows resistance level between 2274 - 2278.
  • Immediate support line at 50 Period SMA. This line is getting tested now. If price sustains above this line an up move towards the resistance zone discussed above is possible.
  • Staying below 50 Period SMA Can take price below 2260 and lower levels.
  • GOLD Weekend update

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