ES: Bearish Trend or Pre-Rally Consolidation?
ES has posted predominantly red days since June 16, leading to queries whether this is merely consolidation before a breakout for a continued rally, or if it heralds the beginning of a bearish trend.
Assessing the monthly chart as we near the end of June, the price remains above most moving averages. Provided the next four days recover to a bullish stanc…
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