I referenced the minor Control at 7412.50 twice last week, see notes 04/13 & 04/14. Friday’s Sell-off tested the Control but held and price relative to that level is worth monitoring at the start of this week.
I also wrote on 05/14 that ‘the first ST mechanical indication of weakness would now be a RTH close below Wednesday’s Buying Day Low at 7399.0 (dashed on chart)’ – that remains the case.
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