$ES_F – June 25 2013

Market held mid-point of uptrend that I was watching. Also held VA of lower balance.

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Currently trading around MCPOC which moved down today from 1584 – if it can hold here without selling off then it could extend range on a squeeze (yesterdays late shorts keeing this up). Cash gap 1586.75 – another NVPOC 1596. Lots of red on next chart but reversal type candle yesterday on lower volume. Today is almost entirely inside the closing swing from last night.

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1593 became 1586.75 region. Key to upside breakout in 1st week of may. If it holds then gap area above that to 1606.5 and 1620/23.

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Next volume ledge below 1553 is 1541.

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