CHART-II (UPDATED)
- Price fell below 1343 and a correction followed as discussed below.
CHART-I
- ES breakout of a broadening pattern.
- But hour charts are developing negative divergence.
- So price should stay above the Mega Phone for the breakout to sustain.
- Price falling below 1343.50 can give sharp correction.
- S&P 500 NEAR THE CLOUD
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