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SP500 steps back at VAH

Posted on February 2, 2022 Written by Chart Prophet

A fast rejection just shy of the VAH at 4588 (dashed line on chart)

this morning’s comments -> 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.

click chart to enlarge

Filed Under: emini SP500 (ES)

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