Assessments / Blog

ES #F Selling pressure developing

Volatility due to external events is still present in the markets. Selling pressure is developing after the Smart money bar at the previous high (also a spinning top). Multi time frame indicator has triggered and price action is down. The 2348 level needs to be taken out and a bar close below this level, together with follow through in selling pressure could lead to more weakness. Closes above 2360 will erase selling pressure which is developing at the moment.


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