Please review yesterday’s note, highlighted on chart. ES opened RTH on Wednesday above the 6702.5 Control and immediately rallied to a new high. Significant Buying (green) was marked so first ST indication of weakness would now be a RTH close below 6705.25, yesterday’s Buying Day Low (dashed line on chart).
Potential stall level today just below 6800 – hopefully will be accepted (time).
read this post on Substack
Re the LT trend, I wrote 09/17, ‘No indications of weakness yet and Significant Selling has not been marked since 08/19′. That remains the case.
