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Assessments / Blog


2017-04-18
ES #F Pullback?


The ES continuous contract made the expected pullback as mentioned in our previous outlook. It is quite a big pullback and one has to watch the price action for any reversal signs. At the moment selling pressure is developing, with price action starting to make a possible sling shot down. Resistance is at 2348 to 2356 and a close above 2356 can turn the immediate trend to bullish. A close below the 2332.25 area can lead to more weakness to 2312.75 and beyond.


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