I thought a test of Friday’s low was indicated for this week and ‘possibly a test of 7635‘ before a move above 8000, see previous, highlighted notes on chart. I could be wrong (obviously) – Friday’s low has yet to be tested and ES showed a minor indication of strength yesterday by generating a Value Area entirely above 7743.5, the 4mn Control. That’s the level (currently Support) to watch.
In yesterday’s note I said the equivalent Control for the Nasdaq 100 E-Mini NQZ26 is 29825 – price relative to that level post-RTH Open is definitely worth watching today; above/below = strong/weak.
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