My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 2, 2014
ES Trend update
ES one hour chart continues to trend up above 50 Hour SMA and One hour cloud.
Hour chart also shows negative divergence with MACD Histogram. But this setup need price to show weakness. For bears price has to stay below 50 Hour SMA for a possible fall to start.
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