At the start of the week the minor Control is at 5237. ES found Support there overnight. Price relative to that level is worth monitoring today. Price above 5289.50 would probably convince me Buyers were back in charge.

Tuesday’s RTH closed below 5270.75 (Wednesday’s Buying Day Low) which is a mechanical sign of weakness, see yesterday’s note. ST Control may be shifting to the Sellers – ‘if’ they can auction ES below 5235 (yesterday’s low) then next Support would be 5102.

Overnight, the minor Control moved to 5289.5. ES has been printing lower since that happened. A RTH close below 5270.75, Wednesday’s Buying Day Low, would be a mechanical sign of weakness.

ES maintains a strong position above the minor Control at 5236.5, see note 03/20. There is v. minor Support at 5281.50, and price relative to that level is worth monitoring today.

At the start of this week, ES maintains a strong position above the minor Control at 5236.5, see note 03/20.

The minor Control migrated higher on Tuesday to 5236.5, see yesterday’s note. I wrote, price relative to that level is worth monitoring. There was a brief, rejected test of that Control in pm yesterday and Buyers entered strongly lifting ES above 5300 overnight.

The minor Control has migrated higher from 5184.5 to 5236.5. Price relative to that level is worth monitoring today. More important LT Support remains at 5101.0.

overnight ES printed as low as 5186.0, holding the minor Support at 5184.50, see yesterday’s note. Time below that Support would indicate further weakness.

we’re following June contract now. I adjusted last week’s data. ES is holding a strong position There is minor Support at 5184.50.

The Control at 5101 was tested on Monday and held as Support, see note 03/08. As long as ES holds that level it is in a strong position. I think a re-test of that level is quite likely if there is weakness early in today’s RTH.