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

Note: showing June chart until next week – chart changes to Sep on Monday. read this post on Substack ES broke below the 5966 Support but has recovered that level. Resistance remains at 6016 (eq for Sep = 6067.5). Price above that level would put ES in a much stronger position.

Note: Still showing June for now – levels based on that contract. read this on Substack Overnight ES has broken below the 5966 Support (see yesterday’s highlighted note) and that put ES in a weaker position. For the June contract, price around 5911 may provide Support but I would want to see positive indications before […]

Note: Still showing June for now – levels based on that contract. read this post on Substack and sign up for free newsletter. Development: On Tuesday major Control migrated to 6016 (from 5966). Little time would need to be spent at 5966 to bring the Control back to that level.Here’s the levels I’ll be focusing […]

Note: I will continue to show June contract, at least for next day or two. So levels based on that contract. read this post on Substack Recap: Friday’s price action held the the 5966 Major Support and ES rallied. Overnight: ES has tested below 6001, the 1/2R off Wednesday’s high (dashed line on chart) – […]

In Friday’s pre-RTH note I wrote ‘A RTH close below 6005.0 (Tuesday’s Buying Day Low) would be a mechanical indication of weakness but note the Major Support at 5966‘. Friday’s RTH did close below 6005 BUT the 5966 Support capped the downside (see chart). When ES resumed trading on Sunday, it printed briefly below the […]

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.