I wrote yesterday ‘the minor Control has migrated higher to 7837. ES is printing below that level pre-RTH today but if it is recovered and held then a move above 7970 would be indicated (probably above 8000)‘.
That bullish trigger never occurred as ES remained below 7837 for the entire session.
The first mechanical indication of weakness would be a RTH close below Monday’s Buying Day Low of 7758.25 and this is clearly a possibility because overnight ES has declined and printed below 7710. Looking for the Bulls to respond again here and hold this rally together.
Read this post on Substack
