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ES #F Demand winning the battle
The daily chart of the S&P 500 mini futures contract above shows our proprietary SUPPLY and DEMAND Dashboard and BXB (Bar by Bar) Signals using data from the NYSE.
The ES made a recovery and closed higher by 46.25-points Yesterday, as expected. Volatility is still very high but at the time of this writing, selling pressure is still easing. We could see higher prices for another day or two.
Resistance to the up side should come in at 2712.25, 2723.75 and 2750.25.
Daily Signals October the 30th:
S & D Dashboard Algorithm turned Bullish except for Volatility and Daily Signals are all Bullish. Volatility eased, but is still in Bearish territory
The Supply and Demand Sentiment Tool is at the Greed level. Volatility is still high and wild price swings is still a possibility.
US ELECTIONS MAY TRIGGER MAJOR MARKET BOTTOM – PART II
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