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e-mini SP500 ES 20th May 2022

Posted on May 20, 2022 Written by Chart Prophet

As I wrote yesterday, the ST selling imbalance indicates a print below 3790 is likely. A rally above 4013 (now the minor control) would put that in doubt.

I have noted that Sentiment readings are getting extremely bearish which suggest a rally may be coming BUT no long trades for me if ES is below 4013 and no long positions below 4353.

click chart to enlarge

Filed Under: emini SP500 (ES)

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