Negative Reaction To Economic Data

Mike Paulenoff By

ES is reacting negatively to the Q1 growth and price data, which has pressed ES to a low of 5048.50 so far, which we see on my attached Hourly Chart is approaching my optimal next lower target window at 5040/50, from where my pattern work identifies as the next lower zone from where a recovery rally could emerge... Last is 5051.00...

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