On Wednesday, the 1mn Control migrated to 5388. Two Value Areas printed above that level now. That’s a positive. But ES tested the Resistance at 5533 yesterday, dashed line on chart, and has not yet overcome it – see note 10th April. Time above that level would be the next positive. Support/Resistance very clear. See […]

ST: the 1mn Control migrated to 5388. Price relative to that level is worth monitoring today. Bulls should look for the major Control at 5244.50 to hold as Support or be recovered quickly on a test – and Mechanically, a RTH close below 5236 (Tuesday’s Buying Day Low) would be an indication of further weakness.

German DAX has held the 1/2R so far. That’s a positive – see updated chart below. DAX is a leader in this rally. Price relative to that level is worth monitoring. below posted 16th April 1/2R for the German DAX is just below 21,000. See chart below. Worth watching. DAX has recovered the 1/2R – […]

As noted yesterday, on Monday the major Control migrated to 5244.5. Tuesday’s Value Area was generated entirely above that level which means for the first time this month ES is in a strong position. Bulls should look for 5244.50 to hold as Support or be recovered quickly on a test. Time below that level would […]

LT Development: The major Control has migrated to 5244.5, see note 4th March on chart. Price relative to that level is important to monitor. Time below the Control would be a negative – weak position.ST Development: Minor Control (1 month) migrated lower to 5302. read this post on substack

Minor Control migrated lower to 5387 (from 5429). That is First Resistance today. Significant Selling (red) marked yesterday.

1/2R for the German DAX is just below 21,000. See chart below. Worth watching. DAX has recovered the 1/2R – can it build a base above that level? Read this post on Substack

Pre-RTH-open ES is printing below 5429, the minor Control. Bulls would want to see this level recovered.The next Level of Resistance is the 1/2R at 5533 (dashed line), see note 04/10. Read this post on Substack

ST: The minor Control migrated higher again to 5429.0. Price relative to that level is worth monitoring post-RTH open today.Read this post on SubstackLT: First Level Resistance is the 1/2R at 5533 (dashed line), see note 04/10