- Bearish engulfing got follow up price action. Now bears need to close and sustain below 50 Day SMA for bigger falls to follow.
- If 50 Day SMA acts as support, Bearish engulfing will loose its strength.
- Weekly chart has negative divergence with price and RSI But for this one to work Weekly candle has to close below 127 and lower levels.
- ES Chart update: CLICK Here
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