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ES Key levels to watch

ES Key levels to watch

Nice rally on Friday to close out a volatile week.. ES was much stronger than the NAS and has a high chance for some bullish follow through especially if OIL continues it run. The ES is at key resistance right now at top of my neutral box. It has to clear the 618 level and then get through 3900 before the bull run can continue. 3912 is last week's high and has been a key level over the past few weeks. If price can reclaim that level a run to ATHs again is likely. Conversely if price rejects and falls back below the box it will be more sideways to down price movement. I'm guessing that stimulus has already been priced in so we will likely need some other catalyst to push this higher. A significant pull back in yields may be that catalyst so keep and eye on TLT , ZB & TNX .
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