LT: As long as ES hold the Major Support at 6853 it’s in a strong position, see highlighted notes 04/14, /15, /17, on chart.
ST: Last week’s high came on Friday. When that happens it’s rare for the following week not to test that high. We haven’t done that so far this week, just consolidated the previous week’s strong rally in a tight range. So last week’s high at 7185.75 is worth monitoring – I’m watching for a possible test-reverse but more likely a break higher that holds and then extends. There is minor (15-day) Support at 7137.5.
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