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Daily Review / The S&P500 Emini makes back some ground as sellers look for price improvement
The S&P500 Emini makes back some ground as sellers look for price improvement
Buyers worked the market higher after the US cash session open to the area of price just under near term resistance levels. Around 10:50 a.m. central time, the BUY program action in equities started a swift SHORT covering rally for the ES. Sellers moved aside allowing for price improvement as the final ES momentum for today’s rally put in a 998.75 high of day trade. A slow to develop sell response did pullback price off the highs to the 991.50 level, which was met with buyers again ready to close out the day in charge. The final end of day buyers charge ran the ES back up to the 997′s to close out the day session on strength. Now we will see if the after hours session attracts sellers again to take advantage of the end of day price improvement. You never know what the low volume after hours session attracts! 
Video 1
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