I wrote on Friday that I was surprised by the strength of Thursday’s recovery – I thought we were going to see more downside… and ES pushed higher during Friday’s RTH. Today, price relative to 4954.5 (minor Control) is worth monitoring, if that level can hold in the ST it will keep ES in a […]

I marked Significant Selling (red) on Wednesday but Thursday’s session exceeded Wednesday’s high. That’s uncommon and usually indicates higher, at least in the ST. I wrote yesterday that ‘I am not initiating new longs, at least until a VA is printed above 4882. Price below that level and I would anticipate a test of 4811.’ […]

Wed’s RTH session did not print above 4931, indicating weakness in the ST, see yesterday’s note. The minor Support at 4916 was broken. Significant Selling (red) was marked and the RTH close was below 4912.75, see yesterday’s note. As the target at 4940 was reached on Tuesday and we are now seeing signs of weakness […]

Price relative to 4930/31 is worth monitoring in the ST, above/below strong/weak. There is Support at 4916. First minor sign of weakness would be a RTH close below 4912.75 (Monday’s Buying Day low).

Following RTH open on Monday there was a brief test of 4916 and ES rallied strongly, see yesterday’s note. I’ve been targeting 4940 since pre-RTH on 01/19 and that has now been exceeded. There is still no sign of this bull trend breaking down – first minor sign of weakness would be a RTH close […]

As per previous notes – Buyers in Control, targeting 4940. At the start of this week price relative to 4916 is worth monitoring with Support at 4882.0.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50, min Support at 4882.0.Today, price relative to 4915.5 is worth monitoring.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50, minor Support at 4882.0.

As per previous notes – Buyers in Control, targeting 4940, Support at 4811.50. Today, 4882.0 is a reference level worth monitoring.

I wrote pre-RTH on Friday that if ES held 4811.50 I was targeting 4940 – see note on chart. Friday’s RTH session was printed entirely above that level and we saw a strong end to week with Significant Buying (green) marked on Thu and Fri. Pre-open today 4890 has been printed.