ES Update

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The setup and analysis is the same as yesterday…

ES 1296 remains the technical dividing line between bulls and bears–and the trident channel built from that VST/ST range has now merged with ST trend line support to make that line (presently at about 1318) even more significant for those watching for the first signs of a change in character.

The big prize for a continued squeeze is > 1356.50 but there is still formidable resistance in between.

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Big Picture charts…

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…my .02

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