正文
1. Weekly printed a grey candle with low near mid trading band and above PL/trend line (~1811) which will be a key support level for the current bullish trend. The next important weekly support is around 1750s. All indicators are still bullish however ES is starting to lose momentum correlated to 2 weekly close off the high. Weekly continues to suggest a bullish market.
2. The sideway action continued on daily chart and the early morning strength quickly faded and left us with a bearish looking candle (see 3h chart). However the close is above the important flattened PL (51 level) with daily low around our ST support 54. So the sideway/bullish bias outlook is still valid and break 54 will serve as early warning and below 51 will turn to sideway/bearish bias. Indicators for daily are bullish. PL and TBL are getting closer for a trending action soon.
3. The early morning rally fizzled quickly left us with a ST top with a doji and a spinning top candle. The market sold off quickly and reversed near our 54 support and closed near a previous level 57.5. On the 3 hour chart the candle touched the think Orange line and bounced. If ES can stay above the thick orange (54-55) and not breaking the lower trading band (51), it will setup for a new movement to the upside based on this chart (agree with hourly chart assessment). Indicators are about neutral right now for 3-h chart.
4. Short term RS Levels: 81， 75， 66-7， 62, 54-5, 51, 45.5 zone， 41-2， 38, 34.5， 23， 11.5
Weekly
Daily
3-Hour
2. The sideway action continued on daily chart and the early morning strength quickly faded and left us with a bearish looking candle (see 3h chart). However the close is above the important flattened PL (51 level) with daily low around our ST support 54. So the sideway/bullish bias outlook is still valid and break 54 will serve as early warning and below 51 will turn to sideway/bearish bias. Indicators for daily are bullish. PL and TBL are getting closer for a trending action soon.
3. The early morning rally fizzled quickly left us with a ST top with a doji and a spinning top candle. The market sold off quickly and reversed near our 54 support and closed near a previous level 57.5. On the 3 hour chart the candle touched the think Orange line and bounced. If ES can stay above the thick orange (54-55) and not breaking the lower trading band (51), it will setup for a new movement to the upside based on this chart (agree with hourly chart assessment). Indicators are about neutral right now for 3-h chart.
4. Short term RS Levels: 81， 75， 66-7， 62, 54-5, 51, 45.5 zone， 41-2， 38, 34.5， 23， 11.5
Weekly
Daily
3-Hour
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CCCCCC2010
2014-03-24 04:44:14
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