ES Chart analysis after closing bell

• One hour shows a bounce But 4 Hour time frame shows its still in contraction. Bulls must do more and stay above 2660 and 2680 levels to confirm strength.

ES One hour charts | Bulls holding on to 200 SMA

• ES Hour is showing a sell But Most important chart the daily time frame is still holding in favour of bulls. Unless price break below 200 SMA bears has no hope to extend correction.

APPLE Support levels | Price near 200 SMA

• Apple bulls trying to show strength near 200 Day SMA.
• Price also staying above crucial retrace levels.
• Bigger weakness for the stock only on daily close below 200 SMA.
• Price for now is in a safe buy trade zone with stop loss below 200 SMA. On the contrary bears will be active below 164 levels for a target of 150 levels at least.
• ES bulls holding on to 200 SMA

ES Charts before opening bell | Bulls holding on to 200 SMA

• Bulls trying hard to hold above 200 SMA. Price not showing any strength for bulls.
• Price staying below hourly cloud is advantage bears for now.
• Having said that if bears are unable to break below 200 SMA Then another bounce is possible. 

ES Charts after closing bell | Price back near 200 SMA

• Bulls unable to build on the gains from 200 Day SMA. Price for now is back near the crucial moving average again. If price does not move away from this 2585 zone quickly then the threat of a larger breakdown exist.
• One hour has fallen back below the cloud. In this time frame Any price action below 2600 will be bearish. Unless price make it back above the hourly cloud its advantage bears again.

Crude bulls testing 200 SMA

• Daily chart shows price testing recent swing high.
• Most importantly Month candle is trying to move above 200 SMA. Crucial thing here is, Bulls need a good move away from 200 SMA otherwise price may fall back below the moving average line which will be very negative for crude bulls.

ES Bulls does a Bullish engulfing at 200 SMA | One hour cloud

• ES bulls is doing a bullish engulfing from 200 Day SMA. Considering the place it has occurred this has to be treated as a strong signal. But as always candlestick patterns does need confirmation.
• Hourly chart shows price running into the cloud. More bullish signs if price manages to move above the hourly cloud. Bears hoping that price will find resistance at the cloud.