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S&P 500 e-mini below minor Resistance at RTH Open

Posted on March 31, 2022 Written by Chart Prophet

In the longer time-frame ES is in a strong position if it holds above the major Support at 4353. Mechanically, a RTH close below 4509.75, dashed line, Monday’s Buying Day low, would be the first indication of weakness on this time-frame.

In the short-term (today) I’m watching price relative to 4605, the 10day control. If ES cannot assert itself above that level within first hour RTH I’d take that as a minor sign of weakness.

click chart to enlarge

Filed Under: emini SP500 (ES)

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