Assessments / Blog

ES #F Still in range

Still no bar closes above 2475.50 and below 2459.75. Mixed signals with price going higher and Selling pressure with Volume oscillator going lower and Volume Flow going lower. There is also Negative delta on the current up move, indicating aggressive selling. At the moment we got strength, but prices do not accelerate a great deal. If there is no upside follow through, watch out for weakness entering the market and a possible retest of 2459.75. A close below this level will lead to more weakness with resistance at 2446 and 2439.75.


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