Assessments / Blog

ES #F No Breakout as yet

As mentioned on the 2nd this range bound price action can continue for days and we have no trading outside of the range between 2474.75 and 2466 since the last Smart money down bar. The current bar in progress has drawn aggressive buying at the moment, but there is still some material selling pressure present, with mixed Relative strength. A bar close outside these levels will be clue to future price direction. The Spring formation mentioned yesterday is still valid, thus our money is on a move higher from here.


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