October 25, 2017

ES Intraday update

  • 2539 to 2541 is a crucial support zone in 4 hour chart. If this level holds Bulls can make a strong comeback to erase today's losses.
  • The week is looking good for Bears. But as said in the chart its only Wednesday and by the time we reach Friday Everything may have changed. Bears need a weekly close at the current levels or lower to confirm weakness.
  • Bears also need price to stay below 4 hour cloud to confirm short term bearishness. Just a violation of the cloud is not enough.

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