S&P500 Futures Analysis- 01Aug2023

The S&P500 futures (ES) have been holding above their 10 day moving average, which is currently at 4590.  As long as they are above this level, the immediate target is 4630. The momentum indicator (CCI) shows the momentum is gradually falling after the recent spike.  The S&P500 futures are in uptrend, and there is a resistance at 4630. The support is at 4580, and therefore 4580 should be the stop loss on all long positions.

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