The S&P Futures continue to be in compression mode. The Bollinger Bandwidth remains below 2.0 and price runs higher then lower but eventually reverts to the middle. The ES closed in the 2264 area for the second session in a row. The 2259.50 area has been very reliable support for the bulls. Despite trading to 2274 yesterday the Bulls still could not make new all-time highs or hold 2267.50 as support on a pullback. The rallies have been sold and the dips have been bought. The tells for upside expansion would be 67.50 support and 73 support and a breakout for the Bulls. The tells for downward expansion weekly Pivot resistance, 59.50 conversion and daily mid band conversion for a breakdown to lower band for the Bears.
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