November 25, 2017

IWM Weekend update

  • First chart is the weekly time frame which shows the Huge broadening formation. Bulls are safe till price stay above the resistance line of this pattern. Once and If price falls back into the pattern bigger correction is possible.
  • 2nd chart also the Weekly time frame shows possible target level of 156 Provided price stay above 150 levels.
  • Weakness in smaller time frames if price fall below 150 levels.
  • ES Weekend update

ES Weekend update

  • ES Week chart shows price moving out of the closing range. Week close adds more strength for bulls. More up moves should follow by staying above 2580 levels.
  • Immediate support in 4 hour chart is at 2593. Weakness in short term charts if price falls below this level.
  • One hour chart shows price moving in a bullish channel.