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Is ES building bearish momentum? Fell Below 50 Day Moving Average shows up after slipping 1.58%
ES finished lower by 1.58% on Monday, August 10th, trading 0.5 times its typical volume. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 70.76, 70.35 & 69.82, with resistance at 71.7, 72.23 & 72.64. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of ES: B
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