ST: I wrote 08/05 ‘The first sign of mechanical weakness would now be a RTH close below 7656.0‘, the Buying Day Low on 08/04 (dashed line on chart). That hasn’t happened yet but ES needs to recover 7769 before I will assume this dip is over – that is the Control in the short-term.
LT: There is big Support at the Major Control at 7448.5.
