ES is currently printing below 5534, the minor Control, which is a weaker position, see note 06/27. ST Bulls would want too see that level recovered. See also note 06/24 – “I’m thinking a dip towards 5500 might find Buyers”.

During yesterday’s RTH the minor Control fell from 5547 to 5534. ES is printing above that level (now Support) in a stronger position. As I write, ES is printing at 5547 and time here could see the minor Control migrate back at that price – so more bullish if ES quickly breaks above 5550. With […]

Little to add to previous notes. 06/24 ST Bulls would want 5547 recovered. 06/25 Maybe directional conviction comes later in the week after important data releases, but for me 5547 remains the level to watch.

ES spent more time close to the minor Control (Resistance) at 5547, rather than convincingly breaking above it, see yesterday’s note. Maybe directional conviction comes later in the week after important data releases, but for me 5547 remains the level to watch.

Minor Support at 5547 was broken, see note 06/19. That level now Resistance and was tested & rejected overnight. I’m thinking a dip towards 5500 might find Buyers but ST Bulls would want 5547 recovered.

Following the Sep contract now. Minor Support at 5547. Targeting 5625 if that holds. Note Fridays on the SPY chart. Trend remains up.

At the start of this week I’m watching the June contract relative to 5437 (v min Control). As noted previously Possible rejection here but time above 5400 would indicate acceptance and higher – last three Value Areas have been printed above that level. In the longer-term, if price is above the 5320 Control it remains […]

from yesterday’s note – I’ve been targeting 5435/40, see note 06/06, and that level has been reached. Possible rejection here, but time above 5400 would indicate acceptance and higher. Early RTH I’m watching price relative to 5426, ES below that and I’m not a buyer in ST.

I’ve been targeting 5435/40, see note 06/06, and that level has been reached. Possible rejection here, but time above 5400 would indicate acceptance and higher. First Support remains at 5320 – a break of that would suggest a test of the LT Support 5244.

Four Value Areas generated above 5320 – that’s a positive. Possibly a volatile day tomorrow and I’ll be monitoring that level as Support. There’s a minor (15dy) Control now at 5366 and time above that level could indicate a move to 5435/40, see note 6th June.