ES Charts before opening bell

• Bounce from 200 SMA is helping bulls for now. But Bulls need to get back above hourly cloud to stop a bearish reversal from taking place. Bears need to keep price below hourly cloud to resume correction. Bigger fall only on hour closing below 200 SMA.

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ES Chart Analysis after closing bell

• Hour cloud shows price violating the cloud and falling back to its 200 Hour SMA. More weakness for ES Bulls on price closing below 200 Hour SMA.
• Daily candle too shows weakness for ES Bulls.
• GOLD Hour chart analysis

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