October 25, 2017

ES Analysis after closing bell

  • ES hourly cloud is getting violated which is crucial as shown in last chart.
  • 50 Hour SMA is acting as resistance.
  • Crucial price level to watch is 2561. Break of this level can give 2550 levels. Bulls need to move back above 50 Hour SMA to regain momentum. As long as price stays below hourly cloud its a problem for ES Bulls.

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