- ES Daily chart shows bulls trying to take support near 200 SMA and Golden ratio.
- Hourly chart shows price continues to trade below the cloud. Bulls need price to move above the hourly cloud for a bigger bounce to happen. Unable to move above the cloud may resume the fall.
- Silver is at a crucial support line. Breaking below this will help bears to extend the weakness shown in weekly chart. Silver bulls need to move above the hourly cloud for a possible swing up move to happen from the support line.
- The Death cross and Head and shoulders shows bigger bearish possibilities. But the neck line with an Oversold RSI may give a possible bounce in favour of bulls. Bulls need a bullish candle here or at the neck line to confirm strength.
- Bears gets more strength on a weekly close below 7961 level.
