ES has been forming lower lows and lower highs for the past 3 days but as of now it is trying to negotiate the support/resistance at 4508. If it continues the downward trend it may likely test 4471-4482 by EOD today. Read more
Archive for category: Daily Market Analysis
ES failed at the psychological the resistance at 4550 and is now taking support at 4533. If it breaches this support the day may likely close near 4500 level today. Read more
ES has been consolidating for the third day today between 4520 and 4540. On a daily chart ES is getting close to overbought state and can see some pull back in a week or two. Read more
ES has been consolidating between 4530 and 4540 for a couple of days. If it manages to break the resistance at 4540, the next target would be 4556. Read more
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
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