Summary

The ES has a bullish trend momentum because the price closed Friday above the 9-day moving average price of 2,658.

With the market closing above 2,784 on Friday, we also came in with a weekly price momentum that was bullish.

The daily, weekly, and monthly trends have aligned themselves for a reversion to the mean target of 2,785; the second target for the monthly mean is 2,618.

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