/ES 2712.25 / 2690.00 levels must eventually be surpassed on a lasting basis, OR the bears continue to rule the day for many months or years to come ...
/ES 2548 region is the next level below, which the bulls must permanently surpass with future price bounces to gain upside traction having probable staying power
/ES above the 2470 to 2488 zone is needed on a permanent basis to argue for a probable lasting upside
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pullback lows by /ES S&P 500 futures of interest since June 2018:
2316.75 - late December low 2401.00 - Sunday December 23rd low near the globex open 2409.25 - December 21 very late day 2441.50 - mid day 2476.25 - December 20 morning globex session 2489.50 - December 19 day session 2531.00 - December 18 late day 2533.xx - December 17 late day
* the sharp decline lower started after October 5 and continued into October 26, 2018, followed by a brief pause
2712.25 - in week ended October 12 2873.25 - October 5 late day 2887.75 - October 4 mid-day 2865.00 - September 7 a.m. 2877.50 - September 5 2885.50 - September 4 2891.75 - August 31 2876.75 - low in week ended August 31 2850.00 2831.00's 2803.00 2791 August low 2790 late July low 2788 to 2767 = the often tested horizontal support zone in June to July 2018
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