I wrote yesterday ‘ES is now printing above the Major Control at 6853 and this is a much stronger position. Bulls would not want to see ES printing time now back below that level‘. Not much to add. If SPY prints a new high today it will have recovered the whole 2-month decline in little over two weeks. I wrote 04/09 ‘I’m not assuming higher until the Major Control (6853) has been exceeded‘ – I now assume higher.
read this post on Substack
