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e-mini SP500 is printing below major Support in a weak position

Posted on January 25, 2022 Written by Chart Prophet

Bulls need 4394 recovered as soon as possible to regain a strong position in the longer time-frame.

As noted on Friday, the major poc is at 4394. A Value Area was generated entirely below that level on Monday which is a weak position. A strong rally saw the poc (now Resistance) tested but rejected. Pre-RTH today ES prints close to 4340.

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Filed Under: emini SP500 (ES)

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