Enough time was spent at 6842.5 on Tuesday to migrate the 6week Control up to that level. Pre-RTH-open today ES has taken a dip back below that level so 6842.5 is First Resistance today. LT important Support at 6712.50, the Major Control. read this post on Substack

First Support (6week) can be moved up to 6814.5. That level tested and rejected twice overnight which is ST positive. More important Support at 6712.50, the Major Control. read this post on Substack

Significant Buying (green) was marked twice last week and Bulls made good progress, lifting ES back above the Major Support at 6712.5. I wrote on Friday, ‘as long as ES holds that level it is in a strong position for a move above 7000….Time back below 6712.5 from here would severely challenge that view and […]

Significant Buying (green) has been marked twice this week and Value Areas on Tuesday and Thursday were generated entirely above the Major Support at 6712.5 which is a positive. As long as ES holds that level it is in a strong position for a move above 7000. I have written previously that this may be […]

Please review yesterday’s note, highlighted on chart.At RTH open on Tuesday ES tested the Major Support at 6712.5 but recovered it very quickly. This initiated a rally above the 6740 Resistance (now First Support) and a strong close with Significant Buying (green) being marked again. 6800 has been tested overnight. read this post on Substack […]

Two levels to focus on. The Major Control at 6712.5 (Support) and 6740 (Resistance) which is the 1/2R from the October high to last week’s low. One hour pre-RTH, ES is printing between the two. read this post on Substack and subscribe As I have written many times, in a bear trend the 1/2R often […]

I wrote on Thursday that ES was approaching the ‘next area of Resistance between the 10mn poc at 6768.5 and 6774.0, the 1/2R off October high. Price printing time back above that level would be a stronger position.‘ Note: the given 1/2R is no longer valid. read this post on Substack and subscribe Thursday RTH […]

Wednesday RTH, ES found Resistance intraday at the 6702.5 Major Control, see chart, but overnight that level has been recovered which is encouraging. read this post on Substack and subscribe Pre-RTH today ES has rallied further and is now approaching the next area of Resistance between the 10mn poc at 6768.5 and 6774.0, the 1/2R […]

Sellers have been active and Effective for four days, breaking Support and finding Resistance at obvious levels, e.g. 6768.5 on Monday, see note 11/17. ES yet to recover the Major Control at 6702.5 and below that level is a weak position. read this post on Substack and subscribe

Further Development. The Major Control, which migrated to 6768.5 on Friday has very quickly fallen to 6702.5 with the time spent at that price on Monday. It is now critical for Bulls that ES recovers that level. read this post on Substack and subscribe Pre-RTH, ES prints below the Control in a weak position. There […]