February 21, 2018

ES Chart analysis before opening bell

  • ES Week chart shows the broad range between 2620 - 2760. Price near the top of the range. Price will remain negative to neutral within this range.
  • Immediate support zone for the day is 2700 - 2705. Break below this means a trending down swing in hour chart.
  • Price remaining below the hourly cloud will favour a down swing in this time frame. Negative below 2700 - 2705. Bulls may also use this price zone to do an Intraday bounce.