I wrote yesterday ‘the v minor Control has now moved higher to 7540.5 and price relative to that new level is worth monitoring today – a possible rejected test early in RTH as ES is printing close‘.
ES opened just below that level and very quickly rejected it and rallied. Significant Buying (green) was marked. The first mechanical indication of weakness would now be a RTH close below 7525.25, yesterday’s Buying Day Low (dashed).
