January 16, 2015

ES Testing 200 SMA


  • ES Daily candle closed below 200 SMA. Price for now trying to move back above 200 SMA again.
  • The Price action in 4 Hour chart is crucial. Price here is trying to stay above a crucial swing low. Breaking below this zone may give bigger falls. 38.2% Fib level also shows a similar price action.
  • SPX EVENING STAR PATTERN
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