Assessments / Blog

ES #F Sideways movement

It looks like the ES continuous contract has fallen once again in a sideways trading pattern, like we saw in the first week in August. A Bar close above 2474 can lead to a new high around the 2500 area. A close below 2459.50 can lead to more weakness. Price breaking these levels together with Selling or Buying pressure accompanied by price movement in the same direction should give us a clue of the next substantial move.


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