Likely Daily Middle Band Test Next

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ES/SPX just consolidating here at the moment, though if there is a break and conversion of the 50 hour MA now at 2841 that would open a test of the open breakaway gap down from 2853.53. In the absence of a break down the obvious next target would be the daily middle band in the 2800 area. Intraday Video from – Update on ES, NQ and TF:

On the bear side there is now a very decent H&S formed on NDX that on a sustained break down below 6900 would look for the 6775 area. If this delivers then it may well carry the others lower. NDX 60min chart:

180201 NDX 60min