today was fomc, ES dropped hard on a large kill candle
Weekly chart:
-looks like a reversal on price action; last week also had inc volume on small body candle, failing to break higher
-the rsi (momentum) turned down a while back; the rsi looks to be moving toward the bottom of these combined channels - the green uptrend channel is very wide, so ES can make a big pullback and still be in a technical uptrend in momentum; tbd
**I have not listened to anything related to FOMC yet; everything published here is pure technical analysis
Weekly chart:
-looks like a reversal on price action; last week also had inc volume on small body candle, failing to break higher
-the rsi (momentum) turned down a while back; the rsi looks to be moving toward the bottom of these combined channels - the green uptrend channel is very wide, so ES can make a big pullback and still be in a technical uptrend in momentum; tbd
**I have not listened to anything related to FOMC yet; everything published here is pure technical analysis
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.