- Moving average crossovers in Month Time frame has given good results for bulls and bears as shown 1st chart. Month time frame is getting ready for a Bearish Crossover.
- Second chart shows crucial support zone around 1880, Bears will remain strong below this zone.
- One hour chart shows price in a trending phase below the cloud.
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- Last chart shows price unable to sustain above 100 Hour SMA. No strength till price stays below 200 Hour SMA.
- Hour close below 1860 level may lead to bigger falls.
- ES one hour unable to sustain above cloud. Price got resisted at 100 Hour SMA. Bulls need an hourly close above these levels for a bigger bounce to happen.
- ES 4 Hour chart shows price sustaining below the support line. Weekly chart shows price moving towards 1800 levels.
- ES ROUNDING TOP
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- ES Weekly chart shows a Multi-Month rounding Top pattern. For a trending move in Higher time frames price must move out of this pattern. For now price is forming the right part of the pattern. Price sustaining below 100 Week SMA will strengthen bears.
- 4 Hour chart shows price violating a support line. very short term may favour bears if stays below this line.
- CRUDE Oil Multi - Years Lows
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- Crude oil violates the 2008 Lows. Crude bulls must hold above 32 Levels to avoid further correction. Below 32 next targets are 25 and 18 which are 2002 and 2001 lows.
- For Intraday traders 15 Minutes continues to trend. strong move to continue till price stays below the cloud.
- Sideways correction shown in second chart can turn ugly for Facebook bulls on price closing below 99 levels. Bears also need to stay below the rising support line from 43 levels for bigger correction to happen. As long as price stays above the rising support line and 99 levels no threat of a bigger fall.
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