Thread by @thehawktrader

on the US open, 1530 Cet, volumes traded on #es_f and #nq_f were monster : 97.6%ile for ES and 99.6 for NQ (over 5 years interval!).
This selling climax triggered a short squeeze: few minutes later another big volume spike marked a short capitulation. ES then rallied to ...
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..4010, top of the trading range 3900-4015.

first comments:
1. buyers are now aggressively using selling activity to increase long not only on the bottom (3900) but at mid range too (3945)
2. 4015 is next resistance : it shd be passed soon to confirm this buying strength

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3. 3965 and especially 3945 must hold on any pullback. Buyers must defend these levels where they initiated this violent upside attack.
4. If these are broken to the downside, it means that 3900 will soon crash, with target 3780/3800.

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