ST: I wrote pre-RTH 08/17 ‘If ES prints above the Minor (4wk) Control at 7769 it is in a strong ST position’. That Support was broken later on 17th and has not been recovered.
I wrote 08/05 ‘The first sign of mechanical weakness would now be a RTH close below 7656.0′, the Buying Day Low on 08/04 (dashed line on chart). That hasn’t happened yet.
LT: If ES prints above the Major Control at 7448.5 it is in a strong LT position.
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