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ES Digests its Post-Fed Gains. What's Next?


Off of yesterday's high at 2172.75, ES (Emini S&P 500) has carved out a high level, orderly, 10-point digestion pattern, which, when complete, should resolve in another upmove into the 2180/85 target zone, which will complete the post-Fed upleg.

At this juncture, only a decline that breaks and sustains beneath 2158 will morph the "orderly digestion pattern" into a deeper correction that will point to 2150/40.

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