February 21, 2017

ES chart analysis before opening bell

  • ES one hour chart shows price continues to stay above the cloud and 100 Period SMA. Weakness for bulls only if price starts to stay below the hourly cloud.
  • For the day mild weakness if only price falls below 2349. More strength if price stays above 2354 levels. 

GOLD Support levels

  • Gold in a range between 1217 and 1246. Right now price is falling from the resistance zone towards the support zone. Weakness will continue as long as price stay below 50 period SMA as shown in chart two.
  • GOLD Weekend update