ES started the day with a big bullish candle and has been trying to break the resistance at 4400 level. Once it breaks the resistance at 4400 the measured move target is 4430-4433 in the next few hours. Read more
Archive for category: Daily Market Analysis
ES is following the same pattern as yesterday – consolidating during the Asian and European trading hours. If the pattern repeats it may likely take support from 4350 and test 4375-4380 range by EOD today. Read more
ES had a reversal before the close of market yesterday. However since open today morning it has been consolidating between 4263 and 4273, once it overcomes the resistance at 4273 the next resistance/ target would be 4296-4300. Read more
ES is continuing the sell off from Friday and is trying to take support at 4263. If it breaches this level it can likely test 4225-4250 range, it may see some reversal by EOD today or some time tomorrow. Read more
ES had some profit booking yesterday and took support at 4340 to bounce back. It is in upward swing now but it would be tough to break through the resistance at 4362 – 4367.5 and may fail from... Read more
After failing the resistance at 4379 yesterday, ES bounced back from 4349 at DAX open today. As of now it is trying to overcome 4379 and if it survives above that it may likely continue the measured move up to 30... Read more
ES hit the resistance at 4379 after the the bull run yesterday and had a pull back at that level. It just failed at the resistance at 4379 and is trying to take support at 4362. Read more
ES has been range bound between 4270 and 4280 since open today morning. It has not been able to cross the resistance at 4280, once it crosses that resistance the next resistance would be 4285-90 range. Read more
ES has been range bound between 4236 and 4249 the whole day today. Once it crosses the resistance at 4249 the next target would be 4263, however the day may likely close at around 4249. Read more
ES has been range bound between the channel and 4225.25 since open today morning. Once the resistance at 4225.25 is overcome the next resistance it would face would be 4236. Read more