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ES #F Reversal?
After the test of the lows of the swing low of June the 15th we expected a pullback. Yesterday’s price action looks more like a reversal than pullback. We did not expect such a sudden steep and material up swing and it look like the weakness of June the 27th was reversed and a new high is likely. Be careful with any positions as the market may be volatile from here and a pullback down to the 2433 area is likely.
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