ES Short-term: Indication at the start of this week was for a test of Friday’s low (7676) and ‘possibly a test of 7635‘. Time at 7737 could change that.
ES Longer-term: I have been writing since 9th Oct that ‘As long as ES prints above the 4mn Control at 7743.5 I remain bullish’. This week ES has spent most time ‘at’ that level which is the centre of the week’s range, i.e. it remains the ‘attractive’ level. I suggest a convincing break above this week’s high or low (time) will indicate the next directional move has begun.
