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SP500 Buyers active again on Tuesday

Posted on February 2, 2022 Written by Chart Prophet

Buyers active on Monday and Tuesday (green) effectively auctioning price higher.

It will be interesting to see if price is rejected should there be a test of the Value Area High at 4588. Acceptance (time) at that level or higher would be an indication that this is a new distribution higher. In the ST there is minor Support at 4492.50 (5dy control).

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Filed Under: emini SP500 (ES)

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