- ES staying below 4 hour cloud will favour bears on up moves or bounces.
- One hour cloud is acting as immediate resistance. Bears may loose momentum if price starts to stay above Hourly cloud.
- Last chart shows possible support levels if price starts to fall further.
- GOLD Trend and Channel
-->
- ES one hour chart shows price near 200 Hour SMA. Close below this line can extend weakness which started late last week.
- 4 Hour chart shows price near the apex of a Triangle pattern. Strength above 2376. Weakness below 2368
-->
- ES one hour chart shows price continues to stay above the cloud and 100 Period SMA. Weakness for bulls only if price starts to stay below the hourly cloud.
- For the day mild weakness if only price falls below 2349. More strength if price stays above 2354 levels.
-->
- ES One hour chart shows price testing crucial support levels.
- close below Hourly cloud and 2331 levels may lead to a bigger fall. Immediate weakness below 2336 levels.
-->
- ES 30 Minutes chart shows price falling to the cloud one more time. Will the cloud hold again. Price has been giving good buy on dips on this time frame till now.
- One warning for bulls is the Sideways moving MACD shown in One hour chart the last Image shows the Negative divergence. But Price continue to negate the divergence and move up, So its difficult to know when the divergence trade might start. As of now price yet to show weakness.
- As long as the bullish channel holds corrections are likely to be small.
-->
- One hour chart shows the 10 Point range.
- Last chart shows 38.2% and 50 Period SMA as crucial support levels in 4 Hour time frame.
- Second chart shows a possible contraction pattern in which price is likely to stay especially if price falls below 2280 levels. Bullish above 2294.
-->
- ES 4 hour chart shown with immediate support and resistance.
- Rising brown line shown in chart 2 has been holding for a while now. If this gets broken weakness can be seen.
- Sustaining above 2294 levels can lead to new high's.
-->
- ES one hour chart immediate support level around 2284 and 2285
- 4 Hour chart shows the sideways channel. Price for now is staying in the bullish part of the channel. Below 2282 price will fall into the neutral sideways part of the channel.
-->
- ES bulls trying to stay above trend line drawn in 4 hour chart and 200 Period SMA. too many tests on this level could lead to a breakdown. On the contrary if price takes another support a bigger bounce is possible.
- Levels for the day is shown in chart 3. Price likely to trade between 2251 - 2262 - 2281. Bigger direction possible only on breaking out of the range between 2262 and 2281
-->
- ES 4 Hour time frame shows the 200 Period SMA and the support line saving bulls from a bigger fall.
- Now price is testing the previous resistance line which is around 2281 for now. This level must be crossed for this bounce to extend towards all time high's again. As of now 2281 levels is acting as resistance.
-->
- Most crucial support line for ES is the 200 Period SMA shown in first chart. Close below this line will strengthen ES bears further.
- Cloud in 30 Minutes and 200 Hour SMA of 60 Minutes are immediate resistance levels. Bulls need to move above these levels to avoid bigger correction
- Immediate levels to resume weakness is 2267 and 2263 levels on the down side.
- ES Analysis after closing bell
-->
- ES Month chart shows another bullish candle being formed. Staying above 2278 can keep the bullishness intact for the current month candle.
- 4 Hour chart shows the latest spike above the resistance zone. If it is a false spike it can result in quick gains for bears.
- 30 Minute chart shows levels below which weakness can set in for the Day.
-->
- ES Daily continues to contract
- For now the closing is above 20 Day SMA.
- Price is nearing the apex of the pattern so Volatility is likely to increase soon.
-->
- ES resistance continues to be at 2270. Closing values above this zone will add strength for bulls.
- 50 period SMA at 2254 and Price support zone at 2250 are crucial to hold above. Price sustaining below 2250 may lead to bigger correction.
-->
- ES bulls need to close above 2270 to gain more strength.
- Moving average and price levels show support between 2251 - 2256 levels.
-->
- Rising support resistance line shown in first chart is crucial. if bulls are able to sustain above this line then price may test 2269 and Higher levels.
- below 50 Period SMA bulls become weak and another fall towards 200 Period SMA is likely.
-->
- Price moving below crucial support levels for this time frame.
- 200 Period SMA Is the crucial moving average above which ES bulls need to stay to avoid a bigger breakdown.
- ES Year end charts
-->
- ES is approaching the support line of the triangle pattern.
- Price is staying below 20 SMA.
- Support line may give an up move. In case support line breaks 50 SMA is the next important support level.
