ES in a very interesting position ahead of CPI tomorrow. Today I had two resistance levels, 4560, then 4580-90. 4560 showed little reaction so we squeezed up to 4580-90 which is where we ended the day. In one win for bulls, we have finally broken out of the major bullish triangle pattern I’ve been posting since Saturday at 4550ish. On the other hand though, there is still a major resistance left to clear here with a very stretched RSI reading. Price is also now forming a new (also bullish) chart pattern. Here’s how I think it all shakes out
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