I wrote yesterday that price relative to the 10dy Control at 6895.5 was worth monitoring. ES opened above it and immediately declined below it, see chart. That set up a test lower of 6850. ES recovered later but a sharp decline overnight saw ES test 6790. Since RTH open today ES has bounced back. See previous notes highlighted on chart – all still relevant.
Re: SPY. There were two gaps up on the chart in late October. One has been filled but the gap 10/23-10/24 has not. I’m not placing any importance on that.
