Bearish seasonality and COT showing big commercial selling. Price crossing below SMA20 is a confirmation of weakness.
If it goes into resistance, it is unlikely it can break it with the coming rate hikes.
Momentum / price bullish divergence on support area. 5y seasonal window suggesting a rise too. Good risk/reward entry as the stop can be tight.
Parliement vote probably make Brexit fully priced in.
Resistance, weaknening of momentum, bearish seasonality
Loss of upside momentum and bearish seasonal window.
If it keeps tracking the 5Y seasonality should go t o support
A pop to trendline resistance is a short with tight stop, target the horizontal resistance
Valid short if and onlky if we break 1.072
The conter trend rally is near its end. Shprt signal is when price crosses below simple moving average 20. 5 Y seasonal window is bearish, strong resistance, commercials are selling.
Expecting a small bounce off support then continuation later. There is a 5Y seasonal bearish window and interest rates are going to increase. Overall it is an extended counter trend rally that did not consolidate in order to go higher.
ES held its levels during the bearish seasonal window. Now we are starting to come close to bullish seasonal window. Odds favor more upside.
Despite the uptrend, many signs of weakness