we can see that es1 broked the trend line started april 2nd thurday april 16 . and friday it tried to break above it again but failed. it could try to break above it again but first needs to break resistance at 288.5 the mid line from the linear regression channel also coinsides with the 288.5 and macd shows a bearish divergence , even though the divergence tends to not be so accurate i taked into account do to the facts that next weeks we have a blast of earning reports that could be negative from more companies and could take it below the 0 line. i expect to go down to fib 78% around ~280 monday .
Trade closed: target reached:
Target reached ~280.65