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James Stanley: ES index approaches support after drop from 7807 zone

James Stanley: ES index approaches support after drop from 7807 zone
ES index nears support after resistance

The ES index fell sharply after encountering resistance at the 7807 zone and is now approaching support in the 7716 to 7724 area.

James Stanley, identified as Senior Strategist at DailyFX, described 7807 as a 'show stopper' and referenced additional resistance at 7761 to 7766.

Stanley has previously highlighted important technical levels in other markets. In a recent note, he said gold remained in consolidation with sellers evident near $4200 and a break above $4235 needed to trigger further action, according to a DailyFX report. He also pointed to gold’s rebound from support with attention on $4200 and a possible move to $4235 for the weekly close in a separate update.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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