Assessments / Blog

ES #F Mixed signals

The ES made another new high yesterday and then prices action weakened. There is selling pressure at the moment, but it did not do much as buying slowly continues. On the last bar there is some aggressive buying. The angle of the last up wave is the shallowest for quite some time and down wave volume is increasing. With all this mixed signals it looks like the market is waiting for some event/news to get direction. Sideways movement is likely until the Smart money make a move again. The areas to watch is 2479.75 to the upside and 2473 to the down side. A bar close below 2466.75 can still lead to the testing of the 2459.75 area.


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