Wed’s RTH session did not print above 4931, indicating weakness in the ST, see yesterday’s note. The minor Support at 4916 was broken. Significant Selling (red) was marked and the RTH close was below 4912.75, see yesterday’s note. As the target at 4940 was reached on Tuesday and we are now seeing signs of weakness […]

Price relative to 4930/31 is worth monitoring in the ST, above/below strong/weak. There is Support at 4916. First minor sign of weakness would be a RTH close below 4912.75 (Monday’s Buying Day low).

Following RTH open on Monday there was a brief test of 4916 and ES rallied strongly, see yesterday’s note. I’ve been targeting 4940 since pre-RTH on 01/19 and that has now been exceeded. There is still no sign of this bull trend breaking down – first minor sign of weakness would be a RTH close […]

As per previous notes – Buyers in Control, targeting 4940. At the start of this week price relative to 4916 is worth monitoring with Support at 4882.0.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50, min Support at 4882.0.Today, price relative to 4915.5 is worth monitoring.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50, minor Support at 4882.0.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50. Today, 4882.0 is a reference level worth monitoring.

I wrote pre-RTH on Friday that if ES held 4811.50 I was targeting 4940 – see note on chart. Friday’s RTH session was printed entirely above that level and we saw a strong end to week with Significant Buying (green) marked on Thu and Fri. Pre-open today 4890 has been printed.

The ST Control has migrated higher from 4778 to 4811.50. As long as ES holds this level (Support) I’m targeting 4940. In the LT, as long as ES holds 4527 the bullish view holds, see previous comments on chart.

ES rallied back above 4778 (1mn Control) on 01/08, and is currently holding that level (now Support) in a strong position. In the ST, price relative to this level is important to monitor. In the LT, as long as ES holds 4527 the bullish view holds, see previous comments on chart.