posted 9.29 a.m. est
Pre-open Tuesday 21st September
Buyers Responded to a weak opening on Monday (green at bottom). The poc resistance at 1062.5 effectively contained the upside during the day session but overnight ES has traded as high as 1069.
1062.5 remains First Level S/R and the level to watch today. Should it provide support early in the session then ES should be expected to overcome the 1070 area which I see as resistance and was the level where Sellers resoponded on Thursday.
There are now too many bulls for me to be comfortable being long but in the dayframe there has been no Effective Selling since September 1st and Buyers are currently regarding price below the previous day’s Value Area as opportunity, see dotted lines above. Until that changes being short seems to carry the most risk.
