Assessments / Blog

ES #F Highest down volume since May the 18th

The current down wave in progress drew the highest volume since the down wave that ended on May the 18th. It may develop into a bearish change in behavior. Buying pressure is developing and there is moderate Volume Flow to the up side. A retracement back to the 2435.75 to 2444.75 area is possible. Our proprietary reversal pattern is still valid with the target still standing at 2401.75. A bar close above 2447.50 can put the bulls in control again.


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