Friday closed near the low of the week; below the low of the Mon-Wed range and below the low of the previous week. This pattern indicates a test of Friday’s low is likely (possibly a test of 7635).
Today’s RTH has opened very close to the 4mn Control at 7743.5 after a dip overnight to test the current Value Area Low (VAL), see second chart and highlighted note of 10/15.
ES looks weak now in the ST; time printed above 7743.5 could change that.
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