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ES shows better that 1300 is the middle line of the current consolidation range, as well as the lifeline. If broken decisively, the market will go to the lower/upper ends. For its importance, there was always fierce fight and will be, particularly from the bull side on a downward move.
However, only expect a rebound in next two days for now, after which the market may resume the bearish direction, as the SPX60min chart shows the upward trendline has been taken and a rebound may just be a retest.
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