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ES is Pressing on Key Support, Threatening Serious Technical Damage


If we step back and try to take a wider view of the enclosed ES (Emini S&P 500) chart, we can make the case that the pattern is putting increasing downward pressure on key Sept-Oct support at 2107, which, if violated, will have the potential of triggering a spike towards the lower-megaphone boundary line, now in the vicinity of 2064.00.

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