I wrote pre-RTH yesterday ‘There is a minor Control at 7011.50 and price relative to that level is worth monitoring today. I’ll be watching for an early rejection in either direction‘. ES opened RTH and tested above 7011.50 for less than 2 minutes (arrow on chart) before rejecting the level and heading lower. That was […]

I wrote yesterday ‘6989 is no longer relevant and no longer valid Resistance‘. ES is now printing higher than that level. read this post on Substack ST – There is a minor Control at 7011.50 and price relative to that level is worth monitoring today. I’ll be watching for an early rejection in either direction. […]

On Friday there was a rejected test of the 6989 level shortly after RTH open (arrowed on chart), see notes last three days where this level is discussed. That marked the high of the session. Subsequent time spent at 6956, the major Control, means that 6989 is no longer relevant and no longer valid Resistance. […]

On Thursday ES opened above the 6989 Support but immediately lost it, falling sharply – breaking the Major Control Support at 6956 and declining all the way down to test the previous 6month Support at 6907 (see note 01/23). The good news? Buyers responded here and rallied it all the way back to the 6989 […]

At Monday’s RTH Open ‘there was an immediate rejected test (less than an minute) of the Control at 6956. ES then rallied strongly‘ – see note 01/27. And from Wednesday’s note ‘there is minor (1 month) Support at 6989‘. Same thing happened again – During Wednesday’s session Buyers stepped in on a very brief test […]

Price action has been positive since last week’s low (see recent notes on chart) with Buyers responding at the ‘right‘ levels. There is minor (1 month) Support at 6989 in the short term. In the longer term, price relative to the Control at 6956 is very important to monitor. read this post on Substack

As I went over in last night’s update – yesterday was a positive day for the Bulls with ES immediately rejecting a test of the 6956 Control at the RTH open. It was ‘a positive and a statement from the Buyers – 6956 is now a proven level and price printing time back below that […]

From today’s pre-RTH note ‘More time spent at 6956 on Friday – elevating its status to 6mn Control… Price relative to this level is very important to monitor. ‘ See 5minute chart below. At Open there was an immediate rejected test (less than an minute) of the Control at 6956. ES then rallied strongly. That’s […]

More time spent at 6956 on Friday – elevating its status to 6mn Control (migrating higher from 6907). Price relative to this level is very important to monitor. read this post on Substack

Development: The 1mn Control has migrated back to 6956. In the ST, price relative to this level is worth monitoring. read this post on Substack In the LT, the levels given yesterday are still active. First of which is the 6-month Support at 6907, see arrows on chart.