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emini SP500 18th Dec 2020

Posted on December 18, 2020 Written by Chart Prophet

ES has recovered back above 3671.50, the 1 month S/R, and Thursday’s Value Area was printed entirely above that level which is now Support. There is time Resistance around 21st as previously mentioned.

Sentiment: My version of the Rydex Assets Ratio was lower at 16.43, the lowest ratio since 12th November.

Stocks>50dyma Nyse 89% (from 84%), Nasdaq 87% (from 86%), R2000 89% (unch). Numbers >50 are supportive.

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Filed Under: emini SP500 (ES)

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