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ES_F e-mini 17th July 2023

Posted on July 17, 2023 Written by Chart Prophet

In the longer time-frame ES is probing above the Value Area High at 4537, see daily chart, so we need to watch for rejection. However, as mentioned many times before, acceptance at VAH often indicates a new distribution (in this case up) has begun and higher prices should be anticipated. First sign of rejection on this time-frame would be price below the 4411.50 Support.

ST: Price relative to 4532.50 (v min Control) is worth monitoring today.

Filed Under: emini SP500 (ES)

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