5 Jun
eMini S&P 500 update – testing the mid-range…
Posted in Intraday Analysis by Bob English at 11:16:43 Comments are offMinutes after the last update, the ES indeed rallied, reaching the 947.00 highs that were the high just prior to the 8:30 am NFP report. They have subsequently sold off by a few points. Though the 50% line was breached, the 61.8% at 948.25 has held, and it appears that 947.00 is the important level to watch. We are bullish above, and bearish below it.
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