ES Weekly Bear Market Chart

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E-mini S&P 500 Futures (Jun 2023) (CME_MINI:ESM2023)

CME_MINI:ESM2023 E-mini S&P 500 Futures (Jun 2023)

The ES continues in its bear trend on the larger time frame. Notice how the RSI indicates the bearish momentum as it stays below 60. If price makes a new low, the RSI should dip below 40 and continue to breakdown to take out the October lows.

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