Emini S&P 500 expectations.

I took a look this morning at the chart and now it likes ES will face a retracement (will go up) at least for a small correction inside this downward move. There is a MACD / PRICE divergence in the Day and 4 hours chart, also price during the last 12 hours has been trying to go down with no much of a advance (change in velocity) and now it is coming back over 2628 price level. Please look at it, what do you think ?.

DAY CHART:

upload_2018-12-10_5-45-16.png


4 HOURS CHART: The MACD / PRICE divergence is clear in this chart.

upload_2018-12-10_5-47-31.png
 
I noticed that MACD histogram divergence on 4-hour chart as well -- which has led to a bounce off the lows.


malaspina said:
I took a look this morning at the chart and now it likes ES will face a retracement (will go up) at least for a small correction inside this downward move. There is a MACD / PRICE divergence in the Day and 4 hours chart, also price during the last 12 hours has been trying to go down with no much of a advance (change in velocity) and now it is coming back over 2628 price level. Please look at it, what do you think ?.

DAY CHART:

View attachment 195548

4 HOURS CHART: The MACD / PRICE divergence is clear in this chart.

View attachment 195550
More...
 
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