Below is a technical picture for ES in daily format reveals the last line of defense., matching bottom 5 February at the level 1036. As you can see, the market is depressed and is below many MAs, but nervousness and fear prevents players from buying the market aggressively, which the 14% below the top, where they bought furiously.
May is coming to an end and in theory we should be close to the bottom from which the summer rally should begin. If the level 5 February will not hold, then the next level of support 1025 per spot. Where in the archives in the charts I showed this level. For me, of course, I would like, so that there is a rebound from these levels and the formation of the bottom would make it possible to increase the LONG position.
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