After 2nd largest green week of the year with only 1 red day since the December 3rd low, ES is cooling off today with 4720 resistance from yesterdays post strongly defended, and price now (as of writing) spending time in that 4660-4680 support zone. While little changed from yesterday’s analysis, the direct bull case is going to need to see a fairly strong reaction from bulls here into the close to negate the chance of a sell-leg into FOMC this week. Chart & analysis below
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