This is the last day of November and trading today may involve more choppy moves. Based on the daily chart, as long as 1200 line holds ES down and 1171 line holds up, the chop around the 20- and 40-day moving average lines can’t be avoided.
External events will have more influence on price movement in our market. The escalating conflict between the two Koreans will put pressure on our market. Only the absence of that news will encourage traders to move the price back up to a higher level. No news will be good news for the longs.
You can try Nat’s premium service for a full week for just $1. But you have to sign up before midnight Nov. 30. Here’s the link
.
ESZ0 Daily chart
ESZ0 Intraday – 60-minute bars
