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Assessments / Blog
ES #F No pullback as yet
The break out on the 11th has continued with no real pullback as yet. Price momentum is slowing, probably due to profit taking. We still believe a pullback is imminent due to the divergence on the Simplified Volume Oscillator. The 2485.25 to 2478.50 area is a logical area for a pullback to find resistance. The MTF tool has shown an exit (Orange triangle on top of chart) but no real weakness has developed as yet.
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