The v. short-term Support at 6296 was broken early in Monday’s RTH and ES declined below 6250 before recovering overnight. read this post on Substack The v. minor Control has migrated to 6278 and price relative to that level would be worth monitoring today. But, as per note last Thursday: ‘the First indication of mechanical […]

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