emini analysis post close 29th March 2017 – from Chartprofit
Wednesday’s session generated an “inside”, narrow Value Area. ES has stalled at 2357.50 (dashed line), the minor 1/2R off this month’s high. In the longer timeframe if ES prints below 2367, the 2month poc, it is in a weak price location. Significant Buying (green) marked above that level would be a big positive.
Resistance = 2367.00 (2month poc)
Minor Support = 2340.50 (13 day poc)
Key Chart: IWM – 2mn poc migrated to 135.00. Chart closed above that level on Wednesday.
click graphic to enlarge
