I wrote yesterday ‘ES is in a ST weak position if it prints below 6955 (dashed line) and would indicate a test of 6930, minimum. Time above 6955 would indicate higher‘.
During Tuesday’s RTH there were two brief test/rejections of 6955 and the Value Area was generated below that level. Overnight 6930 was tested.
read this post on Substack
Enough time was spent at 6952 to lower the minor Control to that price. Unless time can be printed back above 6952 I would anticipate a test of the overnight low (6922.25) – 6912 would be a ST target.
