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ESU20 Update

You can now use 3407.00 as the DSP for the overnight and tomorrow's close. This is 38.2% of the break from the 3582.00 major Gann square. As long as they remain below it, continue to look for the first target area of the 3266.00 major Gann square and 23.6% back to the 3/23/20 low, this is 3253.50. If the break below 3407.00 can only go 38.2% of the current rally at 3375.00, this would be a positive sign and you can look for new highs for this rally to follow. Provided they get above and close above 3407.00 the break should be over and levels to look for resistance would be the 3474.00 major Gann square and then 78.6% of the move at 3525.00. Since 3339.00 was 38.2% back to the 6/15/20 low and they had only one slight close below it, the rally from here should take it to new all-time highs.

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