I wrote yesterday that if there was time below 6413 today ‘I would expect a test of 6390 at a minimum‘. ES printed below 6370 before a sharp reversal and rally to a new high which meant the First mechanical indication of weakness (a RTH close below 6402.5) did not happen. The minor Control at […]

I wrote yesterday, First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday’s Buying Day Low. Came close on Tuesday, see chart. In the ST, there is v. minor Resistance at 6413 and price is worth monitoring relative to that level. Time below it today and I would […]

The 6455 ST target was reached overnight on Monday. First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday’s Buying Day Low – I’m assuming more upside if that doesn’t occur soon. The more time printed close to 6455 the less likely we see rejection here but it […]

On Friday I wrote – ‘I’m targeting price area around 6455 in ST – interested to see if there is a rejection if/when that level is reached‘. Overnight that target was reached and there has been a mild reaction so far. See also previous, highlighted notes on chart. read this post on Substack First mechanical […]

See yesterday’s note – ES held the v. min Support at 6401 during Thursday’s RTH, that level valid today. I’m targeting price area around 6455 in ST – interested to see if there is a rejection if/when that level is reached. First mechanical indication of weakness would be a RTH close below 6353.50 (dashed line), […]

Sigificant Buying (green) was marked again on Wednesday. First mechanical indication of weakness would be a RTH close below 6353.50, Wedesday’s Buying Day Low. The v min. Control moved to 6401, and price relative to that level is worth monitoring today. I’m targeting price area around 6450 in ST.

Monday’s RTH held at 6342, the v. min Support mentioned yesterday. That level has been tested pre-open RTH today. I’m targeting price area around 6450 if the more important Support at 6302.50 holds. That Support corresponds to the Buying Day Low on 07/17, see chart, and a RTH close below that price would be a […]

There is v. min Support at 6342 today. ES has pushed higher since RTH-Open, 30 minutes ago. I’m targeting price area around 6450 if Support holds, see note 06/25. See also, highlighted notes on chart from 07/14, /15, /16. read this post on Substack

Wednesday morning there was a sharp decline and a quick recovery of the 1month Control at 6277. Later in the day there was enough time spent at 6302.5 to lift the Control to that level. ES has been ranging since 3rd July when it first broke above 6300, but now the Control is on the […]