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MTPredictor
Nov 19, 2020 2:12 PM

Will the ES continue to decline ? 

E-mini S&P 500 Futures (Dec 2020)CME

Description

Hi Everybody.

Well, it looks like the Daily DP Resistance zone (that the ES hit on Nov. 9th) appears to be holding. The rally from the Nov. 10 low into the Nov 16 high appears to be corrective. This would indicate a continued decline to come. A weak Daily close below the Nov 10 low would be confirmation of this.

So let's watch the ES (US Stock Market) and see how this unfolds over the coming days.

Thanks
Comments
tony1987
I dont think so that sell of is genuan it is just a profit booking
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