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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 77bps during yesterday’s session, closing at 6830. The index broke back above the 6862 resistance level on an intra-day basis, hitting a high of 6872 but faded into the close
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 1.13% during yesterday’s session, closing near the low at 6778. Momentum and trend indicators continued to degrade as the 6862 and 50dma (ref 6847) support levels broke. My Spot
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 36bps, closing at 6856. The session was more damaging than expected. Momentum and trend indicators degraded further as the index broke the 50dma (ref 6848) on an intra-day basis, hitting a
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 14bps yesterday, closing at 6881. Price action was negative. The early session high (ref 6932) faded hard heading into the cash close, testing and holding support at 6862 with a low
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 1.09% during Friday’s session, testing the Dec 1 low (ref 6862) with a low of 6864 and a closing print of 6890. Momentum and trend indicators faded with price.
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 24bps during yesterday’s session, closing at a record 6966.50. This record close came after an overnight low down over 1% at 6875. This was a massive stick with a
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 63bps during yesterday’s session, closing at 6950. The index was volatile with a wide high/low range of 6966/6889. I would note once again that the index failed at
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 34bps yesterday, closing at 6913. On the session, the index faded our 6959-resistance level (Nov 12 and Dec 5 highs), broke and closed below our previously highlighted near-term support level at
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 17bps during Friday’s session, closing at 6937. This closing tick came well below the session high (ref 6963) and well above the previously identified 6920 resistance level. I would note
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained a modest 7bps yesterday, closing at 6925. The index again had a wide high/low range of 6939/6895 (~60bps). The 6920 level remains a focus. As I wrote yesterday, “I
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 35bps during yesterday’s session, hitting an intra-day high of 6931 and closing at 6922. I continue to see 6920 as a pivot point for the index with the last four
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 20bps on the session, closing just below 6900 at 6898. The index pushed up to the 6920 level, hitting a high of 6921. This is the third consecutive test of ~6920