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S&P 500 in stronger position

Posted on March 22, 2022 Written by Chart Prophet

and testing next Resistance level

Last two Value Areas were generated entirely above the Control at 4353, that’s usually a positive (needs to hold now). Currently ES is also printing above the natural Resistance at 4447.0 (1/2R off this year’s high). Consolidation above that level would be the next positive.

click chart to enlarge

Filed Under: emini SP500 (ES)

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