ST: I wrote in yesterday’s note that Bulls would want ES back above 3776, the 2mn control. ES is currently printing above that level, which is a stronger position. Looking for a Value Area entirely above that price. LT: from note 06/17 Time spent around 3686 increases the chances that even on the weekly time-frame […]

ST: the 6week control now at 3776. Price below that level is a weak position and increases the odds of a retest of recent low.Pre-open RTH ES prints just above that level. LT: from note 06/17 Time spent around 3686 increases the chances that even on the weekly time-frame we are in a new distribution […]

ST: the 1mn control migrated to 3773. Price below that level is a weak position and increases the odds of a retest of recent low. Sixty minutes into RTH – ES has printed below 3750 LT: from note 06/17 Time spent around 3686 increases the chances that even on the weekly time-frame we are in […]

The 3906.50 Support I mentioned in yesterday’s note was broken early in Tue RTH and ES declined quickly. The fact that RTH close was below Friday’s low is ST negative and negates Fri’s Buying Day bullish implication. The v. minor control has migrated to 3827. Buyers active above that level and 4015 remains the target. […]

We had a rejected test of the 3686 VAL and Significant Buying on Friday so I’m targeting 4015 if ES can hold 3906.5.

I marked Significant Buying (green) on Friday, see previous notes highlighted on chart. Time at 4015 would be the next positive development in the ST.

ES is now up from that test of the major VAL at 3686 (dashed line on chart). For now we have rejection rather than acceptance and that’s encouraging for Bulls. Really don’t want it printing back at that level.

The major VAL at 3686 (dashed line on chart) has been tested but you really want to see a reaction here and some Significant Buyers (green) entering. The 3-week control is at 3773. Price printing time above that level would be a minor ST indication of strength.

See Friday’s note highlighted on chart. The major VAL at 3686 (dashed line) has been tested but you really want to see a reaction here and some Significant Buyers (green) entering. In the ST, there is a minor 14-day control at 3773. Price printing time above that level would be a minor indication of strength. […]

The major VAL at 3686 (dashed line) has now been tested but you really want to see a reaction here and some Significant Buyers (green) entering.