Assessments / Blog

ES #F Down and up again

The ES continuous contract broke the 2348 level stipulated yesterday to watch out for. A nice short of at least 10 points could have been established yesterday. After the Smart money down bar at the low, prices reversed immediately to close far from the low in the congestion area between 2352 and 2348. Buying pressure is developing and the Smart money down bar at the low looks like a spring, from the previous swing low at 2336.75. Another effort may be made to test this area, and if not broken, prices should move higher.


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