If you did not know, now you do. I use the 4 hour bar chart of the ES, S&P 500 fucutures to illustrate.
What was one resistance is not a sport level.
We downshit to 1 hour bars as usual. It shows that the 5 day cycle projection is around 4650. That’s also where trend resistance lies around mid day in New York.
If they can hold the line at 4625, bears would at least have a shot.
This is just the intraday look. For more:
Swing Trade Screens Yield More Sells than Buys Again
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