October 10, 2017

ES Hour chart Analysis

  • Hourly cloud is acting as support. Weakness only if bears manage to close below the cloud.
  • Hour is in a range. Bigger moves only when range gets resolved. Staying above 100 SMA an upper breakout is possible. Below the cloud price may move towards 2520 levels. Breakout above the range can give 2560 plus levels.
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