March 28, 2018

ES Charts after closing bell | Price back near 200 SMA

  • Bulls unable to build on the gains from 200 Day SMA. Price for now is back near the crucial moving average again. If price does not move away from this 2585 zone quickly then the threat of a larger breakdown exist.
  • One hour has fallen back below the cloud. In this time frame Any price action below 2600 will be bearish. Unless price make it back above the hourly cloud its advantage bears again.

No comments:

Post a Comment