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Testing support. usually would break it then rebound. let's see. my guess is range day today.
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ES 2905 was a high on Monday and also figured in an overnight high, so that makes sense as a sell point. But ES 2907 looks much more important as it was the bottom of the range yesterday AM and is well tested.
Why would you own bank stocks in this environment? Well you wouldn't, but the ETFs do. So yet another example of a sector being held up by ETFs. Should be informative when the bear market comes to see what happens to the unloved.
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