November 13, 2017

ES Chart analysis before opening bell

  • ES Weekly chart shows a good start for the week for bears so far. But Bears need further followup and a close near 2562 levels or lower to complete the bearish candlestick setup. Bulls on the other hand needs to stay above 2584 levels to negate the bearish scenario.
  • 4 Hour chart shows immediate support at 2574 and 100 Period SMA. 4 Hour closing below this zone may strengthen bears further.

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