LT: See previous Bullish comments and targets, highlighted on chart.
ST: I wrote pre-RTH Friday that if ES printed above 7396.5 post RTH Open we could see another strong end to the week. That worked out well off the Open and the strong end to the week was extended on Monday.
That Minor Control though migrated slightly higher to 7411.5 overnight and ES has printed lower since then. Price relative to 7411.5 is worth monitoring today but the first ST mechanical indication of weakness would still be a RTH close below Wednesday’s Buying Day Low at 7327.25 (dashed on chart) – which would, should that happen, suggest a test of the 6wk Control at 7157.
