On Friday ES continued to print in the low-conviction zone between 6956 and 6853.
pre-RTH 02/19 I wrote ‘the Major at 6853 should now provide significant Support if tested – still leaning bullish if that holds‘. That level did hold on Thu and Fri – see chart.
read this post on Substack
I also wrote Friday – ‘Price relative to a v. minor Control at 6874.5 post RTH-open is worth monitoring imo.’ The higher-low intraday on Friday was supported by that level – see chart.
That was bullish price action on Thu/Fri but 2mn Resistance remains at 6956 – a break above that would indicate new high and higher imo. Bulls wouldn’t want to see time printed below 6853.
