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ES #F Possible reversal
The ES continuous contract did not make a new high as yet. The last few days’ price action did not make much progress and was trading in a range of the Smart money bars of the 27th. It is a bit early to estimate the probability, BUT If we get a bar close below 2468 the 2450.50 area can ultimately be tested according to our proprietary reversal pattern. Keep a watch out for more Selling pressure developing. A bar close above the 2477.25 level should lead to a new all-time high.
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