ES SPX Analysis
Es is very far away monthly demand zone (1959.25-1794.75) but inside of a weekly supply zone (2105.25-2079.75). However it just created a daily original demand zone at 2091.75-2073.50.
In these conditons, we are inside of a weekly zone where previously sellers had their strenght but the daily original demand zone may give us a difficulty going downard.
We can follow 2 scenarious here;
1- Black: if the price manages to break above weekly supply zone, we can be willing buyers at original daily demad zone
2- Red: if the weekly zone gains momentum towards south and manages to break below 2073.50, we can look for a newly daily supply zones being formed to become a seller.
tradewithcan.blogspot.com.tr/2016/05/weekly-bulletin-21-wekk.html
twitter.com/TradewithCan
In these conditons, we are inside of a weekly zone where previously sellers had their strenght but the daily original demand zone may give us a difficulty going downard.
We can follow 2 scenarious here;
1- Black: if the price manages to break above weekly supply zone, we can be willing buyers at original daily demad zone
2- Red: if the weekly zone gains momentum towards south and manages to break below 2073.50, we can look for a newly daily supply zones being formed to become a seller.
tradewithcan.blogspot.com.tr/2016/05/weekly-bulletin-21-wekk.html
twitter.com/TradewithCan
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