October 26, 2017

ES Analysis after closing bell

  • ES 4 Hour pattern shows price holding above 2539 - 2541 zone. Bulls will be safe if price stays above this level.
  • 100 Hour SMA was violated. Bears need a close below this line for bigger correction to follow.
  • Yesterday we discussed about Bulls problem when it violated Hourly cloud. Now the problem won't go away until price moves back above the cloud. So Bulls need to get back hourly cloud to resume the prevailing trend of ES.

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