February 2, 2017

ES Analysis before opening bell

  • ES bulls trying to stay above trend line drawn in 4 hour chart and 200 Period SMA. too many tests on this level could lead to a breakdown. On the contrary if price takes another support a bigger bounce is possible.
  • Levels for the day is shown in chart 3. Price likely to trade between 2251 - 2262 - 2281. Bigger direction possible only on breaking out of the range between 2262 and 2281