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ES_F e-mini 17th May 2023

Posted on May 17, 2023 Written by Chart Prophet

ES has been in an extraordinarily tight range since the start of April centred around the major Control at 4137. Breakout of the range would likely mark the beginning of the next directional move and imo a break higher would carry more conviction as it would exceed the proven 1/2R Resistance at 4159. The SPY equivalent Resistance is at 414 and definitely worth monitoring.

Filed Under: emini SP500 (ES)

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