February 22, 2018

ES One hour support resistance levels

  • ES One hour cloud is getting tested again.
  • Hour cloud and the zone between 2736 - 2750 are immediate resistance levels in this time frame. For a bigger breakout in favour of bulls these two levels must be taken out on closing basis.
  • Getting resisted at the cloud will resume correction as it did yesterday.

ES Chart Analysis after closing bell

  • Week candle got resisted near the top of the range. Now if price stays below 2700 then it should fall towards 2620 levels.
  • For bears hour must stay below the cloud for a trending move towards 2620 levels. Immediate resistance at 2700 levels.