October 31, 2017

ES Analysis after closing bell

  • Immediate support in one hour time frame is the confluence of support at 38.2% Fib level and 200 Hour SMA.
  • 4 Hour chart shows support near 2560. The 100 Period SMA is staying near this level for now. Bears need a close below this line for a bigger correction to follow.
  • The Direction of the channel shows the trend in force. Bears unable to draw or see such channels for now.