January 10, 2018

ES Chart analysis before opening bell

  • 30 Minutes trend has snapped.
  • 60 Minutes cloud base is giving support for now. For bears the cloud base must break for bigger gains to follow.
  • Daily time frame is looking good so far for bears. Day need to close like this to confirm weakness. 

ES Chart analysis after closing bell

  • Daily candle with its upper shadow is showing some weakness But the trend in 30 Minutes and one hour is yet to snap. Bigger gains for bears only if the trend supporting cloud and moving average gets broken.