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Watch 985

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Here is a minute-bar graph of the /ES for about the past month………


Notice the tinted areas. Each of these represents successive ranges that have been established, none of which has been violated to the downside, and each of which precedes a successful push higher. It is no wonder the bulls are feeling so confident.

Any break below 985 breaks this month-long trend and gives the bears an easy 25 points on the downside. So keep an eye on that level.