See yesterday’s notes on today’s chart (below) – they’re relevant.
Today, price relative to 7686 (12dy Control) is worth monitoring.

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Posted on Written by Chart Prophet
Posted on Written by Chart Prophet
ST: I wrote 08/05 ‘The first sign of mechanical weakness would now be a RTH close below 7656.0‘, the Buying Day Low on 08/04 (dashed line on chart). That hasn’t happened yet but ES needs to recover 7769 before I will assume this dip is over – that is the Control in the short-term.
LT: There is big Support at the Major Control at 7448.5.

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ST: I wrote pre-RTH 08/17 'If ES prints above the Minor (4wk) Control at 7769 it is in a strong ST position'. That Support was broken later on 17th and has not been recovered.I wrote 08/05 'The first sign of mechanical weakness would now be a RTH … [Continue reading]
Posted on Written by Chart Prophet

I wrote 08/05 'The first sign of mechanical weakness would now be a RTH close below 7656.0, yesterday's Buying Day Low (dashed line on chart)'.ST: If ES prints above the Minor (4wk) Control at 7769 (minor 4wk Control) it is in a strong ST … [Continue reading]
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LT: ES has been in a strong position since 30th July when it recovered (and subsequently held) the Major Control at 7448.50.I wrote on 08/05 'The first sign of mechanical weakness would now be a RTH close below 7656.0, yesterday's Buying Day Low … [Continue reading]
Posted on Written by Chart Prophet

ES has been in a strong position since 30th July when it recovered (and subsequently held) the Major Control at 7448.50, see previous notes on chart. Significant Buying was marked on Monday and again yesterday. The first sign of mechanical … [Continue reading]
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I wrote yesterday that 'ES is in a stronger position'. ES had a very constructive day yesterday; Significant Buying was marked and now the first sign of mechanical weakness would be a RTH close below 7542.75, yesterday's Buying Day Low (dashed line … [Continue reading]
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I wrote on Friday that the Major Control at 7448.5 was 'now Support' and ES would be 'in a stronger position if it holds'. I also wrote that 7514.5 was 'minor Resistance today'.Both levels came into play - first a rejected test of the Resistance; … [Continue reading]
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I wrote yesterday that price relative to the Major Control at 7448.5 was important to monitor. That Resistance (now Support) was recovered yesterday which puts ES in a stronger position if it holds.Development: The minor (1mn) Control is at 7514.5. … [Continue reading]
Posted on Written by Chart Prophet

I wrote on 20th July 'Bulls would regain ST Control if ES can print time back above the Major at 7556.5, currently Resistance'. Subsequently, there was a very brief (minutes) rejected test of that Resistance on 07/22 (arrowed on chart) and ES has … [Continue reading]