I wrote on Friday that ‘acceptance (time) above the 2month Control at 7412.50 (possibly around 7433?) would be the next test for the Bulls’. Most time during Friday’s RTH was spent close to that area of price and overnight ES (Jun) has rallied above 7530.
There is 1mn Resistance at 7540 (Jun) and price overcoming that level would be a further positive. I’ve kept the chart today showing the Jun contract – tomorrow I’ll switch it to Sep.
read this post on Substack
