February 28, 2018

ES Chart analysis after closing bell

  • ES Daily chart shows a bearish engulfing. This set up will look good only if price closes below 50 Day SMA in daily time frame.
  • 4 hour charts  are shown with crucial support and resistance lines. Price for now is  testing the support line of the rising wedge pattern. This pattern mostly resolves in favour of bears after an up move.

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