- ES Week closed just below the High of previous week candle. That is the resistance level for next week around 2760.
- Daily bounce continues from 200 SMA, Price managed to close above 50 Day SMA. But the daily candle of Friday's looks a Doji one which give some hope for bears. If Monday close below 50 SMA Then correction may resume.
- Hour is in a nice bullish channel. If channel lines holds bounce will extend.
- My Preferred view will be to look for a close below 50 SMA to go short.
- ES Hourly bullish "W" Pattern
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 18, 2018
ES Weekend update
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