Sellers have been active and Effective for four days, breaking Support and finding Resistance at obvious levels, e.g. 6768.5 on Monday, see note 11/17. ES yet to recover the Major Control at 6702.5 and below that level is a weak position. read this post on Substack and subscribe

Further Development. The Major Control, which migrated to 6768.5 on Friday has very quickly fallen to 6702.5 with the time spent at that price on Monday. It is now critical for Bulls that ES recovers that level. read this post on Substack and subscribe Pre-RTH, ES prints below the Control in a weak position. There […]

As noted pre-RTH – Bulls have got to see price back above 6768.5 which has been Resistance so far today. Read this post on Substack

Significant Development. read this post on Substack and subscribe There was a test of the Control Support at 6711 on Friday 11/14 and ES bounced. In an intraday update on Friday I asked, “Can they hold it to the close? Even better would be a close above the 6804 Resistance, the 1/2R off October high […]

Buyers step in again below the big Control Support. Can they hold it to the close?Even better would be a close above the 6804 Resistance, the 1/2R off November high (dashed line on chart). read this post on Substack and subscribe

First Significant Selling (red) since 16th October. I wrote yesterday “The 1 month Control has migrated to 6883.5.. In ST, either that Control shifts lower or I’ll wait for it to be exceeded before looking at new longs”. The first negative indication was Price action subsequent to the migration of that Control – basically straight […]

The 1 month Control has migrated to 6883.5 and price relative to that level is worth monitoring today. A recovery of that level would be a positive. In ST, either that Control shifts lower or I’ll wait for it to be exceeded before looking at new longs. read this post on Substack and subscribe First […]

Significant Buying (green) was marked again on Tuesday, see yesterday’s note. Buyers in Control. First sign of weakness would be a RTH close below 6830.5, Tuesday’s Buying Day Low, dotted line.

ES tested the 6804 Support (dashed line on chart) on Monday and rallied aggressively, see yesterday’s note. read this post on Substack and subscribe Significant Buying (green) was marked. Looking good for Bulls so far this week. Control Support (7wk) is at 6779.5.

LT: Re the Control at 6711 – I’ve been writing ‘Bulls would want that Support to hold or recover a test quickly. Time below that level would indicate weakness on the longer timeframe’. ES spent time below that level on Friday but rallied back above it by the close. The LT trend is intact. read […]