Technical Analysis emini S&P Futures (ES)
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Pre-open on 09/21 we identified 3220 as an area of Support. That held last week (+), see Value Areas. Significant Buying was marked twice (+). Monday’s Value Area was higher than any last week (+). Despite the positives I would want to see at least a Value Area printed above the 3370.50 Resistance before considering new longs. Time below the 3220 Support, now proven, would indicate further weakness.
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