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emini SP500 9th July 2021

Posted on July 9, 2021 Written by Chart Prophet

ST (trading): Thursday’s RTH close was below 4318.50, the low of Friday’s Buying Day, (dashed). Mechanically that means I need to see Significant Buying (green) marked again before I can look at new longs.

In the LT (investing), the 4mn Support is at 4163. A Value Area printed below 4163 would be a bearish development.

Stocks>50dyma
Nyse 30% (from 37%), Nasdaq 39% (from 46%), R2000 31% (from 37%). Numbers >50 are supportive.

click chart to enlarge

Filed Under: emini SP500 (ES)

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