See yesterday’s note on chart. I wrote ‘Wednesday’s Value Area was printed above 7412.50 (minor Control) – ST Bulls would want that to hold as Support or recover a test quickly’. See chart, 7412.50 was clear Support on Thursday, a rejected test and then ES rallied strongly. Significant Buying (green) was marked.
That is now proven Support and I assume Bulls are back in Control if that level holds.
