LT: There is Major Support at 6011.5, and as long as ES prints above that level it is in a strong position. ST: The First indication of mechanical weakness would be a RTH Close below 6159.25, the Buying Day Low on 06/26 (dashed line on chart). Also, see highlighted note on 06/25, on chart.

Significant Buying (green) was marked again yesterday which means the first indication of mechanical weakness moves up to 6159.25, the Buying Day Low (dashed line on chart) – but see highlighted note on 06/25. Today: possible Resistance 6225. read this post on Substack

ES spent more time at 6146 on Wednesday; now 8day Support. Has printed above 6180 today. First mechanical indication of weakness would be a RTH close below 6109.0, Tuesday’s Buying Day Low (dashed line on chart).

If ES holds the 6011.5 major Support and breaks to new high then I will be targeting a move above 6600 with a possible stall around 6400.Today: price relative to the v. minor Control at 6146 is worth monitoring. read this post on Substack

Development: Major Support moved higher to 6011.5 (from 5915.5) I wrote yesterday that price above 6067.5 ‘would put ES in a much stronger position‘. That has happened and so 6067.50 is now First Level Support. read this post on Substack

Note: Now following the Sep Contract – here are the revised levels.Major Support = 5915.5Resistance = 6067.5. Price above that level would put ES in a much stronger position.Today, there is Minor (10day) Control at 6039.5. Intraday Support / Resistance may come into play here. read this post on Substack

See 5 minute chart – we have a proven level to work with at the start of next week.

Note: showing June chart until next week – chart changes to Sep on Monday. read this post on Substack ES broke below the 5966 Support but has recovered that level. Resistance remains at 6016 (eq for Sep = 6067.5). Price above that level would put ES in a much stronger position.

Note: Still showing June for now – levels based on that contract. read this on Substack Overnight ES has broken below the 5966 Support (see yesterday’s highlighted note) and that put ES in a weaker position. For the June contract, price around 5911 may provide Support but I would want to see positive indications before […]

Note: Still showing June for now – levels based on that contract. read this post on Substack and sign up for free newsletter. Development: On Tuesday major Control migrated to 6016 (from 5966). Little time would need to be spent at 5966 to bring the Control back to that level.Here’s the levels I’ll be focusing […]