There’s been nine consecutive Value Areas generated entirely below the Major Control at 6853 including a rejected test of that level on 03/10 (arrowed). As I’ve been writing – I won’t look at new longs below that level.
read this post on Substack
In the first hour of RTH today (see chart) ES has tested that VAL at 6670 again (dashed). Maybe third time lucky and we bounce with conviction – but as I wrote on Friday ‘ES needs to bounce back – more time around 6670 (12mn VAL) and a Control could develop at that level which would be a further negative’.
