I wrote Friday, ‘in the longer timeframe there’s no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce‘.
read this post on Substack
We did see a brief test of 6800 on Tuesday and ES has bounced, in fact it has recovered the Major at 6853 and has tested the Resistance at 6897 which is the 1/2R off Jan high. That Resistance could send ES back lower but price above 6897 would have me looking higher.
