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SP500 e-mini holding strong position pre-open Thursday

Posted on January 13, 2022 Written by Chart Prophet

I wrote on Friday that “Bulls would want to see 4689 quickly recovered”. That happened on Tuesday and Aggressive Buying (green) marked.

Also on Tuesday, enough time was spent at 4688.50 to lift the 12-month Control to that level. This is now the important level to monitor. As long as ES holds above that control it is in a strong position. Wednesday’s Value Area was printed entirely above that level.

Click chart to enlarge

Filed Under: emini SP500 (ES)

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