ES! - That weekly bearish candle should bother longs

S&P 500 E-mini Futures (CME_MINI:ES1!)

CME_MINI:ES1! S&P 500 E-mini Futures

We have seen several bullish reversal candles in this rally, but bulls should keep a close eye on the upside levels and strength from here on. Similar price action is Feb 2020 is emerging. Price is overextended on the weekly timeframe and could use some correction to release the pressure. Ultimately, follow the price without any prejudice.

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