June 27, 2016

ES Testing Brexit Lows

  • ES Daily consolidates below 100 and 200 Day SMA. 
  • One hour shows price testing the recent lows. 

APPLE Price contraction

  • Apple Month chart shows a Descending triangle kind of Price contraction. This pattern will be effective only if the long term trend line shown in month chart gets broken. Till the trend line stays apple bulls are safe.
  • For the short term strength for bulls only if price moves back above 50 Day SMA