I wrote 09/17 that ‘ES has to hold 7665 to put the odds back on the Bull side‘. Value Areas were generated above that level on Thu and Fri. Looking better for the Bulls – price back below 7665 would alter that view. ES has printed above 7770 pre-RTH today.
ES closed strong on Friday above 7739.5 (1/2R off the August high) – that’s another positive – see Friday’s note.
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