At the start of the week there is v. short-term Support at 6296. Price relative to that level would be worth monitoring today. But, as per note last Thursday: ‘the First indication of mechanical weakness would be a RTH Close below 6238.25, Wednesday’s (07/02) Buying Day Low (dashed line on chart)‘. read this post on […]

Significant Buying (green) was marked again on Wednesday which means the First indication of mechanical weakness would now be a RTH Close below 6238.25, Wednesday’s Buying Day Low (dashed line on chart). In the short-term, ES may find price above 6300 a problem but Buyers are Active and Efficient so LT targets previously mentioned (highlighted […]

see previous highlighted comments on chart.ES may want to retrace some here. The v minor Control moved to 6242 and ES is printing below that level pre-RTH. Price back above that level would indicate resumption up imo. But, as previous notes ‘the First indication of mechanical weakness would be a RTH Close below 6159.25, the […]

LT: There is Major Support at 6011.5, and as long as ES prints above that level it is in a strong position. ST: The First indication of mechanical weakness would be a RTH Close below 6159.25, the Buying Day Low on 06/26 (dashed line on chart). Also, see highlighted note on 06/25, on chart.

Significant Buying (green) was marked again yesterday which means the first indication of mechanical weakness moves up to 6159.25, the Buying Day Low (dashed line on chart) – but see highlighted note on 06/25. Today: possible Resistance 6225. read this post on Substack

ES spent more time at 6146 on Wednesday; now 8day Support. Has printed above 6180 today. First mechanical indication of weakness would be a RTH close below 6109.0, Tuesday’s Buying Day Low (dashed line on chart).

If ES holds the 6011.5 major Support and breaks to new high then I will be targeting a move above 6600 with a possible stall around 6400.Today: price relative to the v. minor Control at 6146 is worth monitoring. read this post on Substack

Development: Major Support moved higher to 6011.5 (from 5915.5) I wrote yesterday that price above 6067.5 ‘would put ES in a much stronger position‘. That has happened and so 6067.50 is now First Level Support. read this post on Substack

Note: Now following the Sep Contract – here are the revised levels.Major Support = 5915.5Resistance = 6067.5. Price above that level would put ES in a much stronger position.Today, there is Minor (10day) Control at 6039.5. Intraday Support / Resistance may come into play here. read this post on Substack

See 5 minute chart – we have a proven level to work with at the start of next week.