The big question now is whether or not the positive divergence between ES (Emini S&P 500) and Oil will remain intact?
Can ES withstand the downward pressure of oil for the rest of the session?
ES has carved out a sideways range between 1825/22 on the low side and 1855/57 on the high side.
Whichever side of the range is violated and sustained should trigger a 20-25 point move in the direction of the breakout.
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