Yesterday afternoon I offered this daily chart of the eminis and said, 1375-80 technical levels of confluence is very important. Allot of air below... not much support.
Right into the close and during the extended session to 4:15 est , professions hit the market hard pushing prices below the lower end of support band.
After a clear three wave correction where w.(c) = 1.5 w. (a). price is falling in an in an impulsive manner confirming that the near term trend remains down.
Today we probe that air pocket to find support.
Best of Trading
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