- ES Hour chart is showing resistance at 1247
- Support is seen at 1238 area.
- 1238 area was acting as resistance before the index gave a breakout above that level. So this resistance area is acting as support now.
- Closing below 1238 will be negative in the short term.
- ES should trade above 1247 and 1250 for bigger up moves to happen.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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