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ES #F Bar close below 2435
The ES broke the 2435 level to the down side. As mentioned on the 23rd and before the Elliott wave 5 pattern with our target at 2406 is still in play. Weakness has developed, but no follow through in the Volume Simplified Oscillator occurred as no material Selling pressure is present as yet? Also the $VIX has to stay above 11 and rising to sustain the down move, so be careful at these levels and wait for Selling pressure and a rising $VIX before shorting at these levels!
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