Two levels to focus on. The Major Control at 6712.5 (Support) and 6740 (Resistance) which is the 1/2R from the October high to last week’s low. One hour pre-RTH, ES is printing between the two.
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As I have written many times, in a bear trend the 1/2R often brings in a first or second lower high so this is an important level to monitor right now. The daily trend (see 2nd chart) is still down but ‘if’ ES can print some time above the 1/2R I would expect the trend to turn back up.
