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ES #F Weakness - after hour trading show signs of sell-off
The above daily chart shows the comparative weakness of the ES compared to:
Lumber / Gold spread
SPY / XLU spread
SPY / TLT spread
HYG / TLT spread
At the time of this writing the ES lost 34.00 –points in aftermarket trading.
On the chart below we see an unfilled gap to the downside left open from the 23rd of November 2018.
A good possibility exists that we will see the gap filled, and sell-off to at least 2629.50.
Today President Trump will give a press conference for the first time since the G-20, which may have an impact on the markets (although it might only be temporarily).
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