At Monday’s RTH Open ‘there was an immediate rejected test (less than an minute) of the Control at 6956. ES then rallied strongly‘ – see note 01/27.
And from Wednesday’s note ‘there is minor (1 month) Support at 6989‘. Same thing happened again – During Wednesday’s session Buyers stepped in on a very brief test of 6989 and again, twice, overnight.
read this post on Substack
As I wrote yesterday, this is ‘Buyers responding at the ‘right’ levels‘. Long may it continue, but keep in mind that when Buyers fail to respond at the levels I’m giving it is often the first sign a change is coming.
