Assessments / Blog

ES #F Mixed and sideways

As stipulated on Friday selling pressure and close below 2339.25 was needed for more weakness to follow and selling pressure did not develop any further on Friday and prices reversed. A close above the Smart money bar at 2360.75 could lead to higher prices and a close below 2350.25 could spark some more selling pressure. At the moment prices are moving sideways with mixed signals. A little bit of selling pressure is developing with the Multi Time Frame Trigger still firing to the up side. A break of the levels mentioned should lead to a movement up or down.


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