I wrote on Thursday ‘I will be targeting 6625 next if ES continues to print time above 6555‘. Yesterday, 6000 was reached, see note 25th June highlighted on chart. As Control levels migrate higher, so do the target levels.
I am assuming there’s more upside to come but 6625 could be a level of temporary exhaustion. As per Monday’s note ‘First mechanical indication of weakness would be a RTH close below 6456.25‘, 09/04 Buying Day Low (dashed on chart).
