My ES 5 x 50 DMA Cross Over Sell Signal Remains Intact

The ongoing saga of my ES Daily 5 x 50 DMA Cross Over Sell Signal... If yesterday's action indicated the the Sell Signal was in jeopardy, today's weakness strengthens it once again... As of this moment, the Sell Signal remains intact, and in fact, inability of ES to recover above 2900 today will return the 5 DMA to a negative slope... Last in ES is 2864.75

8 14 ES Day w 5 & 50 DMAs 1130 GIF
8 14 ES Day w 5 & 50 DMAs 1130 GIF

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!