CHART-III
- Bulls has to sustain above the resistance line. Four hour candle is showing weakness at the moment. Price falling back into the pattern will favor bears.
CHART-II
- Up move got resisted at the resistance line as discussed in the below chart.
- Staying below 50 Hour SMA will favor bears.
CHART-I
- ES Hour chart is moving towards resistance line
- Price staying below 50 Hour SMA will favor bears.
- Even if price manage to stay above 50 Hour SMA the upside looks limited to the resistance line.
- CISCO WEEKLY RESISTANCE LINE
- QQQ SELLING ZONE