I wrote yesterday that ‘If ES struggles to print time above 6710 we could see further weakness but time above 6710 would indicate new highs‘. Tuesday’s Value Area was printed below 6710.
Development: the important Control has now moved to 6702.5. A Control migrating like this will often preceed a directional move in price so Bulls would want to see ES printing time (VA) above that level. That would indicate new highs. Watching price relative to 6702.5 closely.
