On Friday at 1:30 PM, ES broke below 6135, a key support level it had held for two weeks. Headlines fueled the move, leading to a gap down and a sharp sell-off. Initial targets at 6083 and 6070 were reached, with even more downside following.
As of now:
• 6016-20 must reclaim to trigger a short squeeze from buyers
• If 5982 fails, sellers can easily drop to 5966 and 5949 after that
As of now:
• 6016-20 must reclaim to trigger a short squeeze from buyers
• If 5982 fails, sellers can easily drop to 5966 and 5949 after that
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