June 30, 2015
- ES Falls below 200 SMA, Recently this event has led to sharp reversals in favour of Bulls. Now bears need price to sustain below 200 Day SMA. One or Two daily candles below this level will favour bears to extend gains.
- Negative divergence has been there for quite some time now without any big corrections.
- Price is testing the lower bollinger band. A Weekly close below this line may extend the fall.
- Bulls just need to make a close back above 200 SMA to avoid bigger falls.