ES Price action analysis with key levels & what to expect
- 25 Mar 2020 - Climatic run up with increasing volume followed by biggest down wave with highest supply. Bearish reaction with slow grinding down move during non-regular trading hour (RTH). Could it be preliminary supply?
- 26 Mar 2020 - Another climatic run up after shocking number of jobless claim (think this ugly number will pressure the House to approve the bill?) ES broke above 2550 with fading volume. Possible exhaustive demand?
- Key levels to watch - First line of support - 2550, 2nd support- 2400, If stays above 2550, should challenge 2700.
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