February 6, 2018

ES Analysis after closing bell

  • Daily cloud base is around 2621. The current candle must do a big reversal and close above 2621 levels to save the cloud base for bulls. Bears on the other hand need to form a full candle below the cloud to strengthen further.
  • Week has gone below 20 Week SMA. Staying below 2651 Bears likely to target 2500 and 2450 levels.
  • Month continue to engulf multiple bull candles. Month close below 2670 will confirm bearish engulfing at the top.
  • ES Weekend update

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