- 4 Hour time frame shows price Falling from the Shooting Star. Price testing 100 Period SMA, A crucial support line for Bulls to hold above.
- Weekly chart shows negative price action This was preceded by a Weekly candle with long upper shadow. But its early days to talk about the week, Bears need a weekly close at the current levels or lower to confirm bigger weakness.
- Day is near 20 Day SMA. This line has acted as strong support recently.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 8, 2017
ES Analysis after closing bell
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