Please review yesterday’s note, highlighted on chart.At RTH open on Tuesday ES tested the Major Support at 6712.5 but recovered it very quickly. This initiated a rally above the 6740 Resistance (now First Support) and a strong close with Significant Buying (green) being marked again. 6800 has been tested overnight. read this post on Substack […]

Two levels to focus on. The Major Control at 6712.5 (Support) and 6740 (Resistance) which is the 1/2R from the October high to last week’s low. One hour pre-RTH, ES is printing between the two. read this post on Substack and subscribe As I have written many times, in a bear trend the 1/2R often […]

I wrote on Thursday that ES was approaching the ‘next area of Resistance between the 10mn poc at 6768.5 and 6774.0, the 1/2R off October high. Price printing time back above that level would be a stronger position.‘ Note: the given 1/2R is no longer valid. read this post on Substack and subscribe Thursday RTH […]

Wednesday RTH, ES found Resistance intraday at the 6702.5 Major Control, see chart, but overnight that level has been recovered which is encouraging. read this post on Substack and subscribe Pre-RTH today ES has rallied further and is now approaching the next area of Resistance between the 10mn poc at 6768.5 and 6774.0, the 1/2R […]

Sellers have been active and Effective for four days, breaking Support and finding Resistance at obvious levels, e.g. 6768.5 on Monday, see note 11/17. ES yet to recover the Major Control at 6702.5 and below that level is a weak position. read this post on Substack and subscribe

Further Development. The Major Control, which migrated to 6768.5 on Friday has very quickly fallen to 6702.5 with the time spent at that price on Monday. It is now critical for Bulls that ES recovers that level. read this post on Substack and subscribe Pre-RTH, ES prints below the Control in a weak position. There […]

As noted pre-RTH – Bulls have got to see price back above 6768.5 which has been Resistance so far today. Read this post on Substack

Significant Development. read this post on Substack and subscribe There was a test of the Control Support at 6711 on Friday 11/14 and ES bounced. In an intraday update on Friday I asked, “Can they hold it to the close? Even better would be a close above the 6804 Resistance, the 1/2R off October high […]

Buyers step in again below the big Control Support. Can they hold it to the close?Even better would be a close above the 6804 Resistance, the 1/2R off November high (dashed line on chart). read this post on Substack and subscribe

First Significant Selling (red) since 16th October. I wrote yesterday “The 1 month Control has migrated to 6883.5.. In ST, either that Control shifts lower or I’ll wait for it to be exceeded before looking at new longs”. The first negative indication was Price action subsequent to the migration of that Control – basically straight […]