I wrote yesterday ‘ES is currently attempting to break higher‘ out of the ‘Low-conviction zone between 6956 and 6853‘. That didn’t happen. From the RTH-open ES fell back through the zone and pre-RTH today has briefly tested 6853, the Major Control. read this post on Substack A Value Area generated above/below those boundary levels would […]

Low-conviction zone between 6956 and 6853. ES is currently attempting to break higher and as I wrote 02/20 ‘A break above/below those bands might well indicate the next directional move‘. read this post on Substack ST: Price relative to 6949.5 today is worth monitoring.

ES has rallied once again from the Major Support at 6853 but remains in the low-conviction zone between that level and 6956. read this post on Substack ES may be ready to break out of this range and as I wrote 02/20 ‘A break above/below those bands might well indicate the next directional move‘.

I wrote on 13th Feb ‘As I have noted many times, a quick rush back to the major Control is what happens when the market is spooked by an event/news/uncertainty and there’s a urgent need for balance‘. ES did this again on Monday with a sharp decline from the RTH-open back to the major at […]

On Friday ES continued to print in the low-conviction zone between 6956 and 6853. pre-RTH 02/19 I wrote ‘the Major at 6853 should now provide significant Support if tested – still leaning bullish if that holds‘. That level did hold on Thu and Fri – see chart. read this post on Substack I also wrote […]

ES spent Thursday’s session printing in the low-conviction zone between 6956 and 6853, see yesterday’s note. read this post on Substack A break above/below those bands might well indicate the next directional move. Price relative to a v. minor Control at 6874.5 post RTH-open is worth monitoring imo.

ES is in a low-conviction zone between two levels. The Major at 6853 should now provide significant Support if tested – still leaning bullish if that holds – but price back below that level would be a concern re the LT trend as previously mentioned. read this post on Substack There is 2mn Resistance at […]

I wrote Friday, ‘in the longer timeframe there’s no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce‘. read this post on Substack We did see a brief test of 6800 on Tuesday and ES has bounced, in fact it […]

I wrote Friday, ‘in the longer timeframe there’s no need for panic but ES must hold the major… ST could easily see a test of 6800 or lower but hopefully a bounce‘. read this post on Substack Pre-RTH today, ES prints below the Maj Control (now back at 6853) in a weak position. I’m not […]

I wrote Thursday I was ‘leaning to the Bullish side in the ST but price back below 6956 would obviously not be welcome‘. Shortly after the RTH open, ES broke below 6956 and then a straight-down decline, a consolidation, and a late-in-the-session test of the major at 6853. read this post on Substack As I […]