I wrote yesterday that ‘price relative to 7686 (12dy Control) is worth monitoring‘. For the first half of yesterday’s session ES meandered around that level but interestingly, in the pm, a small base was built just above it (see arrow on chart) and then a rally began.
In the ST that’s a marker and time printed back below 7686 would be a negative indicating lower. Not enough evidence supporting the bull case yet.
