LT: ES has been in a strong position since 30th July when it recovered (and subsequently held) the Major Control at 7448.50.
I wrote on 08/05 ‘The first sign of mechanical weakness would now be a RTH close below 7656.0, yesterday’s Buying Day Low (dashed line on chart)’. Since then ES has consolidated in a range above 7700.
Today: Price relative to 7769 (minor 4wk Control) is worth monitoring.
