$ES_F - eMini SP500 - Daily and Weekly Review - June 23, 2017

DAILY - Continued contraction with Double NR7 day. Currently holing both the 20D Mid-Range (2427) and 20DMA (2430.25). Trend is up clearly above 50/100/200 DMA's. Longterm RSI has crossed below its moving average but still flat in positive territory. From a trading perspective this Inside day of an NR7 day to make a 2xNR7 should leave you with simple breakout of range trading plan. Gravity             has the most potential but a rally back to highs stays with trend.

WEEKLY - 20WkMA (2378.25) is the first big support area . This was also a NR7 Week (red bar) which in review has signaled potential shorterm tops are near. Still in a solid uptrend so without a weekly close below the 20wkMA we are still in the Buy the Dip game. As with everyone it does feel tired and vulnerable to a 5% healthy break, but at this stage we just need to keep following price action.
Kommentar: Still going! The minor consolidation has only led to Higher Highs - 2500 seems to be the magnet price, but regardless trend is strongly up
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語