I wrote 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)’.
ST: If ES prints above the Minor (4wk) Control at 7769 (minor 4wk Control) it is in a strong ST position.
LT: If ES prints above the Major Control at 7448.5 it is in a strong LT position.
Read this post on Substack
