ES Market Analysis: Bulls Hold Strong Amidst Low-Volume Pullback
The ES (E-mini S&P 500 futures) remains super bullish as recent attempts by bears to push the price below the 9 EMA level on the daily chart have failed. This indicates strong underlying support and resilience among buyers. Additionally, the current pullback is characterized by decreasing volume, suggesting a lack of selling pressure and reinforcing the strength of the uptrend.
As we head into the presidential debates next week, the market appears to be consolidating, setting the stage for a bigger move. Note: despite the pullback, the overall uptrend remains intact, signaling continued bullish sentiment.
- TradeTron3000
As we head into the presidential debates next week, the market appears to be consolidating, setting the stage for a bigger move. Note: despite the pullback, the overall uptrend remains intact, signaling continued bullish sentiment.
- TradeTron3000
Not
Correction: the debate is tomorrow.
Feragatname
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.