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ES Is Trying To Break Down

Published 10/21/2016, 09:28 AM
Updated 07/09/2023, 06:31 AM

E-mini S&P 500 Dec. 2016 Future

ES Keeps Rejecting Strong Set-Ups for a Retest of 2184

ES keeps breaking down from strong set-ups for a retest of 2184. It’s even struggling to retest the strong and obvious target of 2150.

So ES is a favorite to break down out of these triangles inside triangles to at least 2080 and more likely 2050. If 2050 fails (which is likely) ES is headed down to a retest of the January/February lows.

If a new set-up develops for a pop to 2184, I’ll post it.

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