The 4mn Control migrated lower to 7437 on Thursday. I wrote ‘Price relative to this level is now important to watch. Can Bulls hold this level or recover it after a further dip?’.
ES rallied on Monday to just above 7600; the 1/2R Resistance is at 7613. Price above that level would be a positive.
I’m also interested to see if the Control might move again (this would take time) see note 11/02. I’m staying cautious for now.
