Technical Analysis emini S&P Futures (ES)
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Most of Tuesday’s session was spent above the 3387 Resistance (dashed line). Unfortunately, late in the day there was a sharp sell-off on news and ES closed below the 3370.50 poc, which is a weaker position. The session close was also below the low of Monday which negates any positive implications of the Aggressive Buying (green) marked on that day. We are still looking for confirmation that Buyers are back in control. The short-term (1mn) poc has migrated to 3354.50. Price relative to that level would be worth monitoring as a guide to ST strength/weakness. Pre-open ES has printed above 3380.
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