April 26, 2018

ES Analysis after closing bell | One hour resistance areas

  • Price testing one hour cloud.
  • One hour also shows price nearing 100 Hour SMA and Golden ratio which may act as resistance levels for bulls.

ES Daily one hour and 30 Minutes charts

  • Daily chart shows the down swing. Possible targets or support levels are 2590 and 2550 levels.
  • One hour stands below the cloud. Bears safe till price stay below hour cloud.
  • 30 Minutes chart shows resistance level for the day. Bulls need to stay above 2639 levels for a possible bounce.