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Bears Pull Away


Daily market recap covering the E-Mini S&P 500 and the Euro FX Futures:

Today, the ES found wavy, sideways behavior on top of support during the early hours. Shortly after the cash open, the early morning support was broken as the market dropped heavily. The afternoon was mostly range bound with a large arc heading in to the close.

The Euro FX futures briefly displayed bullish momentum early on before flipping quickly to a very steady bearish fall heading in to the cash open. The cash open did little to change this behavior as the market tumbled for the majority of the day.

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