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Emini ES 60 min Chart & Support and Resistance Levels 1.21.2021

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Dear Traders,

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It is very interesting to observe the different type of trading days the market presents us with.
Some are very choppy, some are extremely volatile both ways and some can be “dead” at times. Every now and again we get a big strong move. Up or down that behaves like a “text book example”. Much easier to observe AFTER the fact and this is exactly what the hourly chart of the mini SP 500 shows you.
A buy signal, followed by “price confirmation”, market holding on to the support level at 1289.50 and rallying hard on inauguration day.
Hourly ES chart from today, 1.20.21
ES Futures 1 hour chart 1.20.2021

Good Trading

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Economic Reports, source: 

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