November 10, 2017

ES chart Analysis before opening bell

  • ES one hour got resisted near the cloud.
  • Price is testing support levels in four hour chart.
  • If weakness continues, yesterday's low is likely to be tested again.

ES Analysis after closing bell

  • 4 Hour cloud base acted as support zone. The violation below 100 SMA did not last, Exactly how it happened last time when price violated this line. 
  • For now one hour shows immediate resistance at 2584 zone and the cloud. Small correction may resume if price stays below the hourly cloud.