CME_MINI:ES1!   S&P 500 E-mini Futures
S&P500...

Bull case
Breakout of wedge with up close
MACD turning up and crossed up
Top 8 traders net positions (yellow line) are less net short

Bear case
Breakout with a shooting star type of candle
Candle has long upper tail which is longer than body
Relative price strength is weakening
Non-commercial net positions are dropping, maybe offloading on breakout

How now, brown cow?

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