On Friday the maj Support at 5867.5 held (see note 05/29) and now the min Support at 5909 has held overnight (see other chart). These are positive indications. Also, Significant Buying (green) was marked yesterday. read this post on Substack and sign-up for free newsletter. First sign of weakness would now be a RTH close […]

On Thursday the minor Control migrated to 5909. More time was printed there on Friday. I wrote that if that level could be held then ST target would be 6045. Unless there’s clear evidence of Effective Selling (e.g. see note 05/29) I’m keeping the target at 6045 – ES may need to test 5810 first […]

ST Development: the minor Control has migrated higher to 5909 which means if that level can be held (or recovered) during today’s RTH then ST target would be 6045 (previous target at 6080 is no longer active). Also, see yesterday’s note highlighted on chart.

I wrote on Monday that the ‘5867.5 Control is now Support and it would be a positive to see that hold at the start of this week. If it can I would be targeting 6080‘. The Support came into play overnight on Monday and again during Tuesday’s RTH where the low was 5868.25. read this […]

You can see on the chart Monday’s shortened RTH and the overnight price action. I wrote yesterday that ‘5867.5 Control is now Support and it would be a positive to see that hold at the start of this week‘. Overnight you can see that Support came into play and is now proven. That means price […]

There were ST indications of weakness on Wednesday – see Thursday’s note on chart, and Thursday and Friday continued lower. read this post on Substack and sign up for free newsletter In Friday’s note I wrote ‘The 15day Control migrated lower to 5867.5. Bulls would want to see that level recovered asap‘. Overnight that has […]

ST price action changed on Wednesday. See Thursday’s note – I wrote ‘Wednesday’s RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month‘. Yesterday (Thursday) ES consolidated near Wednesday’s low in a tight range, that’s not positive. ES has declined further overnight […]

Tuesday’s RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month. Also ES printed time below the 3wk Control at 5908.5, see yesterday’s note. And Significant Buying (red) was marked. read this post on Substack and sign-up for the free newsletter The […]

I wrote yesterday ‘price relative to 5968.5 (v min Control) is worth monitoring – above/below = strong/weak.’ read this post on Substack That level proved to be Resistance during the session and ES has declined overnight. There is 3wk Support at 5908.5 and that has been tested. Price printing time below that Support would be […]

I wrote yesterday ‘First sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), Friday’s Buying Day Low‘. ES recovered strongly from a weak Open. I also wrote ‘Otherwise I stay positive, even ST‘. ES recovered strongly from a weak Open on Monday.read this post on Substack and sign up for free […]