ES Market Analysis: Bulls Hold Strong Amidst Low-Volume Pullback
The ES (E-mini S&P 500 futures) remains super bullish as recent attempts by bears to push the price below the 9 EMA level on the daily chart have failed. This indicates strong underlying support and resilience among buyers. Additionally, the current pullback is characterized by decreasing volume, suggesting a lack of selling pressure and reinforcing the strength of the uptrend.
As we head into the presidential debates next week, the market appears to be consolidating, setting the stage for a bigger move. Note: despite the pullback, the overall uptrend remains intact, signaling continued bullish sentiment.
- TradeTron3000
As we head into the presidential debates next week, the market appears to be consolidating, setting the stage for a bigger move. Note: despite the pullback, the overall uptrend remains intact, signaling continued bullish sentiment.
- TradeTron3000
Note
Correction: the debate is tomorrow.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.