My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 5, 2016
ES support and resistance levels
ES one hour chart shows resistance at 38.2% Fib level and cloud. Bulls need to cross these two levels for a bigger bounce to happen.
Bears need to break below the support line shown in 4 hour chart for bigger breakdown to happen. For now price is within a range or channel in 4 hour chart.
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