ES Gives Market Warning Signals

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Nine day advance working up into a wedge while volume decreases. Tuesday (today) red koma with the longer upper shadow showing the market rejecting higher prices. Volume increased - and taken in conjunction with the candle - indicating sellers were active today. Note volume on the three previous up days was lower and declining as price rose.

I believe bulls are not in a safe place now.
I think this is also a valid way of looking at the same time period. With price at support a rally is not off the table.
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