March 26, 2018

ES one hour charts before opening bell

  • Bounce in hour chart continues to be strong
  • Price near one hour cloud and 50 Hour SMA. Throughout this down move bulls struggle near the cloud. So for this bounce to be reflected in Daily time frame, Price has to break above the hourly cloud.

NIFTY Bouncing back to 200 SMA | Hourly resistance levels

  • Bears trying to make a comeback. They have to deal with 200 SMA first. Bigger bounce possible only if price is able make it back above 200 SMA
  • Immediate resistance levels and cloud shown in one hour time frame for tomorrow.