Assessments / Blog

ES #F No selling pressure yet

The current upswing in progress has drawn 3.41 million contracts so far, the highest since May the 25th. After the all-time high at 2461.25 no real selling appeared and no significant pullback occurred as yet. The price is going sideways and the expected pullback looks to be near. Volume Flow is to the down side with a Multi Time Frame trigger which may signal the beginning of a pullback of note. The 2451.25 (VWAP) to 2445 (HV) area is the logical support zones for a pullback to find support again. The 2442.25 to 2440 area is the line in the sand for the bulls.


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