From the low on 12/20, Aggressive Buying was marked three times as ES rallied. There was then a period of ranging for six days and the minor Control migrated to 4777.5. Price relative to this level is worth monitoring. There is more important Support at 4689.0, the 5mn Control. First sign of weakness mechanically would […]

From the low on 12/20, Aggressive Buying was marked three times as ES rallied. There was then a period of ranging for five days and the 10-day Control migrated to 4777.5. Price relative to this level, now Support, is worth monitoring. There is more important Support at 4689.0, the 5mn Control. First sign of weakness […]

The 10-day Control migrated to 4777.5. Price relative to this level is worth monitoring for strength/weakness at the start of this week. ES is currently printing very close. There is important Support at 4689.0, the 5mn Control. First sign of weakness mechanically would be a RTH close below 4729.50, last Monday’s Buying Day low.

The 10-day Control migrated to 4788.0. Potentially Resistance. Support at 4689.0, the 5mn Control. Aggressive Buying (green) has been marked three times in the last seven days. Buyers have been Active and Effective. First sign of weakness mechanically would be a RTH close below 4729.50, Monday’s Buying Day low.

The 10-day Control migrated to 4783.0. Potential Support today. More important Support at 4689.0, the 5mn Control. Aggressive Buying (green) has been marked three times in the last six days. Buyers have been Active and Effective.

The 5mn Control migrated higher to 4689.0, pre-RTH on Thursday. Value Areas on Thursday and Friday were generated above that level. Aggressive Buying (green) has been marked three times in the last four days. Buyers have been Active and Effective and as long as ES holds 4689 (now Support) it is in a strong position.

Pre-RTH the 5mn Control has migrated higher to 4689.0. ES currently prints above that level (now Support) in a strong position. Aggressive Buying marked on Tue and Wed.

Aggressive Buying (green) was marked on Tuesday. The minor (1mn) Control migrated slightly higher to 4633, ES prints above that level pre-RTH. Resistance is at 4684.50, the 3month Control.

With ES printing below 4684.50, the 3month Control, I remain cautious here. There is 1month Resistance at 4627.0 and then the 1/2R Resistance off last week’s high at 4637.00.

Friday generated a value Area below 4684.50, the 3month Control. Overnight ES has declined below 4530. There is no obvious Support. Best level to monitor today is a very minor reference at 4549. Time below that level could indicate lower.