November 16, 2017

ES Intraday update

  • ES moved back into the bullish zone
  • The Bounce from 200 Period SMA of 4 hour chart. That line was violated only for a while. The violation was only to trap more bears into believing that a real breakdown is about to happen. When enough bears are trapped Market moves up again. 
  • Immediate resistance at 2485 levels. 

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