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The 5 day cycle projection on the ES, 24 hour S&P futures is currently 5200. But there’s a spport line convergence at 5214 in the hour ending at 9 AM in NY. So we’ll see. If they take that out, then I would think 5200 a done deal. Otherwise we make an overdue 5 day cycle low right here, and we stick with the long side today. Particularly in view of the Brontosaurus pattern.
