ES Update

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The long-term timeframe continues to be the ‘timeframe in play’ (though that should change to short-term within the next day or two) and the first S&T pullback target is the top of the ideal buy zone between 1217 and 1250

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A pullback from the VST target at 1285.50 continues, with the dotted red descending trend line defining the trailing profit stop guide for the most aggressive bears.  The initial pullback target is in the 1251.25 area, which lines up with S&T’s long-term ideal buy zone.  The next target lower is at 1234.25 and lines up with VST trend line support.

A rally and break back above the dotted red trend line would target 1294.75

…my .02

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