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We expect ES to trend upwards for the next 48 hours.

Based on past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of ES trending upwards. We expect this to happen because the released value is > 52.5. A price movement of 6275 pips is expected.

Historical events that allowed us to draw this conclusion

15 Jul 14:00
14 Apr 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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