February 16, 2017

ES Chart analysis before opening bell

  • ES 30 Minutes chart shows price falling to the cloud one more time. Will the cloud hold again. Price has been giving good buy on dips on this time frame till now.
  • One warning for bulls is the Sideways moving MACD shown in One hour chart the last Image shows the Negative divergence. But Price continue to negate the divergence and move up, So its difficult to know when the divergence trade might start. As of now price yet to show weakness.
  • As long as the bullish channel holds corrections are likely to be small.
-->

No comments:

Post a Comment