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Slight Retracement

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2 minute read

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

Today, the ES bounced back and forth in a measurable range as it worked through the early morning towards the cash open. The cash open saw a brief push above resistance before crashing back down below and picking up more volatility. Support was broken around lunch, but the afternoon was spent retracing the break.

The Euro FX futures made a bullish rally during the early hours before encountering resistance approaching the cash open. After the cash open, resistance continued to hold sending the market lower for the remainder of the day.

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