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ES #F New High again
As anticipated on the 28th another new all-time high was reached. Overall the chart still looks bullish, but a pullback can be expected as we have a Divergence on the Simplified Volume Oscillator with 2 Smart money up bars near the high. A pull back to around the 2510 area is possible. A bar close below 2506 can spark some weakness.
On the longer term (702-minute chart) price is overbought with an exhaustion volume signal, with an Elliott wave 5 signalled and we also got Divergence to the down side.
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