February 7, 2018

ES Chart Analysis after closing bell

  • The Big one (200 sma) saves bulls from a bigger slide. 
  • Bulls also managed to save the daily cloud on closing basis.
  • One hour shows as if the bounce is nearing possible resistance zone. If cloud acts as resistance then correction may resume. 2625 levels are possible again. To avoid this bulls need to move and stay above hourly cloud.