February 8, 2018

ES Chart Analysis after closing bell

  • ES 200 support at 200 SMA and rallied up to 50 Day SMA. Now price is in a sandwich between 50 and 200 SMA. During a strong up trend a correction towards this GAP between 50 and 200 SMA is an opportunity to buy. But this time one crucial thing against bulls is the speed  of the fall. 
  • Final chart shows the one hour time frame with possible support levels.

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