ES must hold 6956 to maintain a strong position, see yesterday’s note, highlighted on chart. read this post on Substack ST: Today there is 6day Resistance at 7007.0 – a break above that could extend.

Development: 1month Control migrated higher to 6956.0. ES must now hold this level to maintain strong position. Looking higher if that happens. First mechanical indication of weakness would be a RTH close below 6945.5, dashed on chart. read this post on Substack

See yesterday’s note, highlighted on chart. Support at 6952 (minor Control). Minor Resistance at 7008.0 – time above that level would be a positive. read this post on Substack

I wrote on 01/08 that a rejected test of 6952 could set up a rally. There was a brief, rejected test of that Support overnight on Monday (see second chart) and ES has rallied strongly. Proven Support now at 6952 and time below that level going forward would be a negative indication. First mechanical indication […]

Overnight the minor Control at 6952 was briefly tested and rejected. Bulls would want that Support to hold – time below 6952 would be ST negative. First mechanical indication of weakness would be a RTH close below 6945.5 (dashed), Tuesday’s Buying Day Low. read this post on Substack

I wrote yesterday ‘I’m monitoring price relative to the minor Control at 6952‘ and ‘a rejected test of that level could set up a rally‘. You can see from the chart that there was clear Support right there during yesterday’s RTH, but this did not spark a rally, yet. Even so, the Support shown at […]

I’m monitoring price relative to the minor Control at 6952 and the major Control at 6906. Time below the minor would indicate a test of the major. Pre-RTH today ES prints just above 6952. A rejected test of that level could set up a rally. First mechanical indication of weakness would be a RTH close […]

I wrote yesterday ‘enough time was spent at 6952 to lift the minor Control back to that level – this is now the level to monitor in the ST…Can ES build time above that level? imo that would confirm the indication higher‘. See the chart – clear Support at 6952 during yesterday’s RTH. Significant Buying […]

I wrote yesterday ‘Resistance (1mn) has migrated to 6930.5 and time above that level would be a stronger position and indicate higher‘. You can see on the chart that ES opened just above that level and Monday’s Value Area was generated entirely above that price. Encouraging. read this post on Substack However… enough time was […]

On 12/31, pre-RTH, I wrote ‘Unless time can be printed back above 6952 I would anticipate a test of the overnight low (6922.25) – 6912 would be a ST target‘. ES opened RTH below 6952, see chart, and declined – Significant Selling (red) was marked. Friday’s session saw the week’s low below 6870. read this […]