Just a reminder Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart, however, momentum shifted to the downside with the formation of the closing price reversal top on July 23 and its subsequent confirmation on Friday. A trade through 3284.50 will negate the closing price reversal top and signal a resumption of the uptrend. The main trend changes to down on a move through the last main bottom at 3105.25. The minor trend is also down. This confirms the shift in momentum. The minor range is 3188.50 to 3284.50. Its 50% level at 3236.50 is resistance. The short-term range is 3105.25 to 3284.50. Its retracement zone at 3194.75 to 3173.75 is potential support. A second short-term range is 2983.50 to 3284.50. Its retracement zone at 3134.00 to 3098.50 is another potential support area. $ES_F $SPX $SPY
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