DanGramza

A lack of buyers confidence

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Tuesday the S&P 500 started to move higher as buyers pushed prices up. However, I think those buyers lacked confidence to hold those higher levels or to push prices even higher. The result of this lack the confidence was a shadow on the highs. If you on the short side of this market, you do not want to see the market revisiting yesterday's high, which could indicate possible follow-through further to the upside.
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