Another ATH set today for ES but zero follow through on it. ES stopped just shy of the 4800 level and as I’ve posted before these big round numbers often act as resistance. After the biggest 4 day consecutive run of the year, ES simply ran out of energy and is now in resting mode. Price action 101, after clean trend comes choppy random action. Price should see a move out of this, but the seasonal tailwind for bulls is finally coming to a close. Chart & analysis below
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