I wrote on Thursday that ES was approaching the ‘next area of Resistance between the 10mn poc at 6768.5 and 6774.0, the 1/2R off October high. Price printing time back above that level would be a stronger position.‘ Note: the given 1/2R is no longer valid.
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Thursday RTH was testing that Resistance from the open but could not hold it and quickly fell back to the lows of the week. Today, ES is attempting to recover. Unless the Major Control at 6702.5 is recovered quickly I would anticipate a test of 6440.
