July 16, 2017

ES Weekend update

  • ES Daily chart shows price moving above 2450 resistance zone. Weakness for This bullish setup only if price starts to close below 2450 zone.
  • Second chart shows the failure of Bears to keep price below 50 Day SMA. Those failed breakdowns led to bigger up moves in favour of bulls.
  • 4 Hour chart shows immediate support levels 2450 and 2445 respectively for bulls.

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