March 14, 2018

ES PIN BAR and 50 Day SMA | One hour cloud update

  • PIN BAR at the upper bollinger band is followed by a bearish candle. But it was not easy for bears, The long upper shadow of the Daily candle did hit some stop losses.
  • Now bears need follow up by breaking below 50 Day SMA. For a bigger bearish swing to happen price must fall below 50 Day SMA on closing basis.
  • One hour is trying to protect cloud base. More weakness for the day if price stays below 2762 levels. 

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