On Friday ES continued to print in the low-conviction zone between 6956 and 6853. pre-RTH 02/19 I wrote ‘the Major at 6853 should now provide significant Support if tested – still leaning bullish if that holds‘. That level did hold on Thu and Fri – see chart. read this post on Substack I also wrote […]

ES spent Thursday’s session printing in the low-conviction zone between 6956 and 6853, see yesterday’s note. read this post on Substack A break above/below those bands might well indicate the next directional move. Price relative to a v. minor Control at 6874.5 post RTH-open is worth monitoring imo.

ES is in a low-conviction zone between two levels. The Major at 6853 should now provide significant Support if tested – still leaning bullish if that holds – but price back below that level would be a concern re the LT trend as previously mentioned. read this post on Substack There is 2mn Resistance at […]

I wrote Friday, ‘in the longer timeframe there’s no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce‘. read this post on Substack We did see a brief test of 6800 on Tuesday and ES has bounced, in fact it […]

I wrote Friday, ‘in the longer timeframe there’s no need for panic but ES must hold the major… ST could easily see a test of 6800 or lower but hopefully a bounce‘. read this post on Substack Pre-RTH today, ES prints below the Maj Control (now back at 6853) in a weak position. I’m not […]

I wrote Thursday I was ‘leaning to the Bullish side in the ST but price back below 6956 would obviously not be welcome‘. Shortly after the RTH open, ES broke below 6956 and then a straight-down decline, a consolidation, and a late-in-the-session test of the major at 6853. read this post on Substack As I […]

You can see from the chart that despite yesterday’s volatility in early RTH, Wednesday’s Value Area (like Mon’s and Tue’s) was generated entirely above 6956, the 6mn Control. There was further Support at that level later in the session. read this post on Substack This should have us leaning to the Bullish side in the […]

Pre-RTH on Monday I wrote that ‘price relative to that level (6956) is important to watch – time printed above would be a further positive development imo‘. Monday’s Value Area was generated entirely above that level so I’m assuming ES is setting up for a break higher. Price back below 6956 would obviously not be […]

Pre-RTH on Friday I wrote ‘From my pov it’s a matter of will ES close above that major at 6853. If it does it will look a lot less bearish and the market could repair‘. Buyers showed their intent at the RTH open – testing and immediately rejecting 6853, which initiated a rally up to […]