The ESZ15 market last Friday closed the week up for the third week in a row (see chart below). There has been a slow down in the bounce and we expect to see some pullback this week.
Usually this market does not go beyond 3 to 5 weeks up in a row, as you can see from our Time SHORT model below (check the WEEKLY gauge, very overbought =81.23%):
If we look at Price levels to go SHORT, DAILY, WEEKLY and MONTHLY, we see as well an OVERBOUGHT picture between the ~2037 and ~2070 levels (where the market is trying to go next):
Overall, DAILY and WEEKLY this is a good SHORT setup and confirmed by the Time Model.
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