Technical Analysis emini S&P Futures (ES)
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During Thursday’s session, Monday’s Selling Day low was tested briefly and ES rallied immediately. Price above 3494, Mon’s Selling Day high, would negate any ST negative implications of that imbalance.
A Value Area generated above 3435.5 (1mn poc) would be welcome, see yesterday’s highlighted comments on chart. Even better, would be Significant Buying (green) marked above that level. There is Support at 3387, the 1/2R off September high and price below that point would be a further sign of weakness.
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