- Google month chart shows a Big rising wedge pattern with False upper breakouts. If This month candle closes at the current levels or lower It could take price towards the support line of the pattern.
- Daily has closed below 50 Day SMA. If price stays below this line it could lead to 200 Day SMA.
- 4 Hour chart is testing the cloud. Closing below the cloud may increase bearishness further.
- Google bulls need to get back above 50 Day SMA to avoid further weakness.
March 26, 2017
March 25, 2017
- ES Month chart continues to look good for Bears. If closes like this or lower could lead to a Pause or correction in the following months.
- Daily chart is testing 50 Day SMA. Closing below this line can lead to further weakness.
- Immediate resistance zone is shown in 4 hour chart. Bulls need to close above this zone for further up moves to follow.
March 24, 2017
- Crude oil bulls trying to hold above 47 levels. Mild strength if price is able stay above 48.48 and 50 Period SMA shown in 4 hour time frame. Unable to stay above this moving average may lead to a breakdown below 47 levels.
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