On Wednesday, there was a rejected test of the 6060 target. Overnight, ES declined below the Major Support at 5966 (see note 06/10) but has recovered to test the 1/2R off Wednesday’s high at 6001 (dashed line on chart) and, as of pre-open, has not exceeded that Resistance. read this post on Substack A RTH […]

ES has declined a little since reaching the 6060 target yesterday. Today, if there is a test below 5980 I’d be interested to see if Buyers respond. read this post on Substack In any case though, and as per yesterday’s note – ‘a RTH close below 6005.0 (Tuesday’s low) would be a mechanical indication of […]

Target at 6060 has been reached, see note 06/03. Since then ES has declined to test below the 6012.50 Support but has recovered that level. Tuesday was a Buying Day (green) – so a RTH close below 6005.0 (Tuesday’s low) would be a mechanical indication of weakness. Staying bullish unless that happens. read this post […]

Friday pre-RTH I wrote that minor Support was at 5983. Friday’s RTH low was 5984.50 – that’s ST positive.Development – Major Support has moved higher to 5966.0. First sign of weakness is now time printed below that level. I’ve been targeting 6060 since pre-RTH note 06/03.Today, Minor reference level is at 6012.50, above/below = ST_strong/ST_weak.

ES has printed as high as 6025 since RTH Open. v min Support at 5983 now – review lower Support levels from previous Notes. targeting 6060 if these hold, as per note 06/03. read this post on Substack and sign up for the free newsletter.

ES spiked above 6015 pre-RTH. Settled back around 5595. Read highlighted notes on chart from 06/03 and 06/04 for levels. targeting 6060 if these hold, as per note 06/03. read this note on Substack and subscribe to free newsletter.

See yesterday’s note on chart. No change. minor level to monitor today at 5983. Price above that is strong position for break above the overnight high of 5996.75. read this post on Substack and sign-up for free newsletter.

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.