February 24, 2018

ES Weekend update

  • ES one Hour is putting up a Bullish pattern as shown in first chart. Its a bullish V. Price is likely to correct from the current levels and if the correction is limited to the support line of the pattern an Upper breakout is possible.
  • Daily has closed above 20 Day SMA.
  • Weekly chart shows candle recovering from the lows But closed at the resistance zone. Bulls need to do more and stay above 2760 levels to erase the weakness completely.

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