Assessments / Blog

ES #F Up move sustainable?

The ES continuous contract made another new high in overnight trading. The chart shows negative delta volume (net selling) in the current up move so far, which represent a lot of profit taking. When the current up move tires a pull back into the 2236.50 to 2320 resistance zone (Elliot wave 4) is possible. Wait until market open for direction and clear signs.


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