February 6, 2018

ES Chart analysis before opening bell

  • Daily time frame shows price below 100 SMA and Ichimoku cloud. Price staying below this level will favour bears. Bears need one full candle below these levels to avoid a Fast reversal.
  • One hour is trending below the cloud. For a meaningful bounce to happen price must first move above the hourly cloud. As long as price stay below hourly cloud it will form new lows.
  • ES Weekend update
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