- ES 4 Hour chart shows price violating crucial moving average line. Last violation of the line was short lived. Bears hoping for a close below this line and the 4 Hour cloud this time for a bigger down swing to follow.
- Weekly chart too looks good so far But with one more day to go for the weekly close things may look totally different by this time tomorrow.
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- ES 4 Hour chart shown with 100 Period SMA. No trend change possible unless this line is broken on closing basis.
- Bears in daily is trying for Bearish engulfing pattern. Bears need a close below 2583 levels to confirm.
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- Crude oil one hour is nearing 100 Period SMA.
- Price in a bearish channel in one hour. This is mostly bullish in a major up trend.
- Price is also near weekly resistance line.
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