Two Values Areas printed above the 6302.5 Control – a positive. That’s the Support I’m watching and would want to see it hold or reject a test to keep the odds in the bulls favour.I wrote yesterday that I have low conviction in the Short Term. Price around 6365 could attract time and if ST […]

Yesterday I wrote ‘In a downtrend, strength tends to come at the beginning of the week and then fades, I’m watching for that’. Monday did rally – but stronger than I would expect if Sellers are taking charge, i.e. Significant Buying (green) was marked and a Value Area was generated entirely above the 6302.5 Control. […]

Summary: There was rejection at the 6455 target (note 07/25). Thursday closed below 6402.5 (dashed line on chart), which was the First mechanical indication of weakness (note 07/29). The Control at 6302.5 has been tested (note 07/17). read this on SubstackIn a downtrend, strength tends to come at the beginning of the week and then […]

I wrote yesterday that if there was time below 6413 today ‘I would expect a test of 6390 at a minimum‘. ES printed below 6370 before a sharp reversal and rally to a new high which meant the First mechanical indication of weakness (a RTH close below 6402.5) did not happen. The minor Control at […]

I wrote yesterday, First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday’s Buying Day Low. Came close on Tuesday, see chart. In the ST, there is v. minor Resistance at 6413 and price is worth monitoring relative to that level. Time below it today and I would […]

The 6455 ST target was reached overnight on Monday. First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday’s Buying Day Low – I’m assuming more upside if that doesn’t occur soon. The more time printed close to 6455 the less likely we see rejection here but it […]

On Friday I wrote – ‘I’m targeting price area around 6455 in ST – interested to see if there is a rejection if/when that level is reached‘. Overnight that target was reached and there has been a mild reaction so far. See also previous, highlighted notes on chart. read this post on Substack First mechanical […]

See yesterday’s note – ES held the v. min Support at 6401 during Thursday’s RTH, that level valid today. I’m targeting price area around 6455 in ST – interested to see if there is a rejection if/when that level is reached. First mechanical indication of weakness would be a RTH close below 6353.50 (dashed line), […]

Sigificant Buying (green) was marked again on Wednesday. First mechanical indication of weakness would be a RTH close below 6353.50, Wedesday’s Buying Day Low. The v min. Control moved to 6401, and price relative to that level is worth monitoring today. I’m targeting price area around 6450 in ST.