ES opened Monday’s RTH close to 6810 in a weak position below the Major Control at 6853 but quickly rallied. Monday’s Value Area was generated entirely above that level, see yesterday’s highlighted comment on chart.
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Overnight there was another decline that saw ES below 6750, testing February’s low. There is a 6mn VAL just below 6740 but no obvious Support. A Value Area below 6853 would be a negative indication in the longer term.
