In yesterday’s note I wrote that “Price relative to 6095 is worth monitoring at the start of the week“. ES opened on Monday just above that level but immediately rejected it, declining sharply. Later in the day Significant Selling (red) was marked. The RTH close was below 6072.5, Wednesday’s Buying Day Low, which as I wrote on Friday would be the “first mechanical sign of weakness“.
Sellers are in Control of ST; but only a Value Area generated below First Support at 6022 would put the LT uptrend in doubt.
