ES downtrend channel

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Micro E-mini S&P 500 Index Futures (Dec 2020) (CME_MINI:MESZ2020)

CME_MINI:MESZ2020 Micro E-mini S&P 500 Index Futures (Dec 2020)

trendline

Friday saw a very strong short covering rally. Anchored VWAP from 6 weeks ago is within reach, as well as the top end of the downtrend channel.

This could be a new bull flag - the most likely catalyst are stimulus rumors.

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