One More Time: A Look at My 5 x 50 DMA ES Sell Signal

Time to update my ES Daily Chart with 5 x 50 DMA Cross Over Signals. The most recent signal on 8/06/19-- a Sell Signal-- when the 5 DMA crossed beneath the 50 DMA at 2931.00, remains intact. Yesterday's big decline in ES pivoted the 5 DMA into a sharp negative slope, which strengthened the Sell Signal. The negative slope of the 5 DMA is at 2885 as we speak, which represents powerful resistance on any recovery rally.

So far, today's recovery rally is challenged by resistance between 2860 and 2870... Last is 2850.50

8 15 ES Day w 5 x 50 DMA Cross Over 1215 GIF
8 15 ES Day w 5 x 50 DMA Cross Over 1215 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!