March 2, 2018

ES Chart analysis before opening bell

  • ES Daily is testing 100 SMA.
  • One hour and 30 Minutes time frame shows trending moves. Bulls must hope that the test of 100 SMA in daily work in their favour. 
  • The trend of 30 Minutes will pause or end if price moves above the cloud or above 2670 or 2685 levels.
  • ES Rising wedge target levels

ES Chart analysis after closing bell

  • Rising wedge correction continues to do well for bears. 
  • Bulls are seeking support at 100 Day SMA. Bears hoping for a break of this line to target 200 Day SMA.
  • For now bulls are safe above 100 SMA. Weakness starts when price stays below 2659.
  • TWIN Bullish shadows of ES @ 200 Day SMA