CHART-II
- MACD negative divergence discussed below has given a correction in favor of bears.
- Four hour candle closing near the lows may turn the trend in favor of bears
CHART-I
- ES one hour chart is showing price in a small range.
- Four hour chart is showing a possible negative divergence setup with MACD indicator which might result in a fall.
- Daily chart shows price stuck between 200 SMA and the resistance line. A decisive move out of this range should result in the next big move.
- US DOLLAR ANALYSIS
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