I wrote yesterday ‘First sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), Friday’s Buying Day Low‘. ES recovered strongly from a weak Open. I also wrote ‘Otherwise I stay positive, even ST‘. ES recovered strongly from a weak Open on Monday.
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ST: Today, price relative to 5968.5 (v min Control) is worth monitoring – above/below = strong/weak.
