ESZ1 sold off from yesterday’s high of 121600 during the ETH
session. Buyers came in at Monday’s value area high of 118575 where we also saw
confluence with the 50 daily ema. Whether or not the bulls can sustain this
rally and get above Wednesday's point of control of 120750 during tomorrow’s
session will be important. Significant overhead resistance still lies at the
200 daily ema of ~123175.
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