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ES Market Review 8/5/26

S&P Insights

A four day expansion into the unknown stalls out today after taking out psyche level 7800. Price forming a bearish shooter candle at the close after setting another new all time high this morning.

Bullish imbalances below low of the day. We’ll see how the overnight responds. Do we retrace further, consolidate, or dip and rip back up?

-Dan

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