I wrote yesterday that ‘Control levels often come into play ahead of data releases etc so 6711 could attract time‘. Transpired that ES “preferred” the more minor Control up at 6778.5 (a positive) which is where it ended Thursday’s RTH.
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I wrote 10/21 ‘as long as ES holds the Control at 6711 it is in a strong position for a break higher’ – note all Value Areas so far this week have been generated above that Control which remains the major Support. ES has broken higher today.
