The major controlling price at 4396 was effective Resistance last week. As I’ve been writing, I want to see price above that level before considering new longs. ES remains in a weak position and Significant Sellers (red) were active and Effective yesterday. The Control may migrate lower which could open up more possibilities but that […]

The major controlling price at 4396 was effective Resistance last week. As I’ve been writing, I want to see price above that level before considering new longs. ES remains in a weak position. The Control may migrate lower which could open up more possibilities but that has not yet happened.

and remains in a weak position Twice, earlier in the week, the Resistance at 4396 (major controlling price) was tested. As I’ve been writing, I want to see price above that level before considering new longs. ES opened above the Control on Thursday and then immediately declined below it, with two further rejections at that […]

Overnight on Tuesday and again during RTH on Wednesday, the Resistance at 4396 (major controlling price) was tested. As I’ve been writing, I want to see price above that level before considering new longs. Pre-RTH ES is printing above that level in a stronger position. Bulls would want to see 4396, now Support, hold.

Overnight on Tuesday the Resistance at 4396 (major controlling price) was briefly tested. As I’ve been writing, I want to see price above that level before considering new longs.

Overnight the Resistance at 4396 (major controlling price) was briefly tested. As I’ve been writing, I want to see price above that level before considering new longs.

I’d want to see price above 4396, the major controlling price, before considering new longs.

Current situation:4396 is the major controlling price and ES remains in a weak position below that price. Possible development:If more time is spent in the shaded area around 4340 then the controlling price could potentially fall, e.g. if 4345 became attractive the c/p could migrate lower to that price. That would be an important development […]

Respecting the volatility I’d want to see ES printing above Support which it isn’t right now. First obvious level is 4345 (25dy) which is currently Resistance. Above that, and more importantly, the major at 4396. Even then, I’d want Significant Buying (green) to be marked before considering new longs.