ES has rallied once again from the Major Support at 6853 but remains in the low-conviction zone between that level and 6956. read this post on Substack ES may be ready to break out of this range and as I wrote 02/20 ‘A break above/below those bands might well indicate the next directional move‘.

I wrote on 13th Feb ‘As I have noted many times, a quick rush back to the major Control is what happens when the market is spooked by an event/news/uncertainty and there’s a urgent need for balance‘. ES did this again on Monday with a sharp decline from the RTH-open back to the major at […]

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 […]