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ES #F Still in trading range
The ES continuous contract is still in a trading range between 2382.50 and 2387.50. Some Buying pressure is developing, with Positive delta volume (Aggressive buying) on the last bar and an exhaustion warning signal in Volume Flow. Watch out for a break of 2387.50 and follow through to the up side that can reach our target at 2403. To the down side, a break of 2377.25 should caution any long positions. Watch out for the Fed's interest rate decision today, which may influence price direction.
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