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Assessments / Blog


2016-12-15
ES #F possible bearish change?


00h20 EST and the ES continious contract shows weakness. The largest downswing and cumulative down volume occurred since the 5 Dec low. Some buying (volume oscillator is rising) is driving the price up in the current upwave, which is the lowest in all respects, since the 5 Dec low. This upwave is still in progress so a downward (selling) motion and proof that sellers are in control is needed to confirm the weakness.


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