August 24, 2015

ES Chart update

  • ES weekly chart has fallen below the cloud But the smaller time frames are showing sharp reversals. If price stays below the weekly cloud then bears may resume after a pause or sideways move.

EURUSD Chart analysis

  • 200 SMA is broken by EURUSD Bulls but as price moves up it is approaching crucial resistance levels as discussed in chart 2 and 3. Bigger moves are not possible till the levels shown in day chart is broken