S$P Futures Tagged 20-day sma

11 במרץ 2022

Around 6:30 am EST something moved markets. ES tagged its 20-day sma and then sold off. This is an important level. Bulls will want to close over it to gain some traction. If successful, next resistance is 50-sma weekly at 4409. Bears will want to see this sold (good start) in hopes of a push lower through recent lows. Should be an interesting session.

Hourly Chart: https://www.tradingview.com/x/PsRDLQ6p/

11 במרץ 2022

הערה

Prices pulled back to support on hourly — also 20-ema on 15-minute chart. Low risk area to start a position if your anticipating the bulls making another push today.