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The ES continuous contract made another new all-time high on Friday of 2439.75 and now what? Little selling pressure and weakness is developing with moderate volume flow to the down side which can lead to a pullback. A shallow pullback should reach at least 2432.25, with 2424.75 and 2416.50 the next projected targets. Interesting to note that on nearly all the intraday charts we monitor an Elliott wave 5 completion looks to be present, which can lead to some sort of pullback.
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