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S&P 500 rallies but still in weak position

Posted on February 25, 2022 Written by Chart Prophet

Respecting the volatility I’d want to see ES printing above Support which it isn’t right now.

First obvious level is 4345 (25dy) which is currently Resistance. Above that, and more importantly, the major at 4396. Even then, I’d want Significant Buying (green) to be marked before considering new longs.

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Filed Under: emini SP500 (ES)

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