October 5, 2017

ES Hour chart analysis

  • ES one hour chart shows a bullish channel. As price moves up inside the channel MACD continues to show negative divergence. Reaction for negative divergence may happen only if price break below the channel and 50 Hour SMA.
  • This up move of ES Bulls will continue to remain strong till price stay above 50 Hour SMA

Alphabet Charts, GOOGL in a range

  • Alphabet daily in range 
  • Price likely to remain within the larger range. There could be false spikes out of the small range shown in above chart. Small range being 961 - 977.
  • Bigger range of Google between 929 -  1008