ES Update

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Not much has changed since my last post…

ES is still consolidating just below IT trend line resistance (presently at 1260) in a range meandering around the ST trend line breakout at 1241.

The last structural high at 1269.50 is likely serving as the backstop for many bears playing a lower high/lower low pullback sequence from the 10/27 high at 1283.50.  Twenty four days worth of bear stops would be triggered on a move above that line.

For this VST consolidation range, 1266 and 1222.75 are where the close in stops are resting.

…my .02

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