On Tuesday there was an early rejection of 7011.50. On Wednesday there was an early rejection of 6956. Both levels given pre-RTH, see arrows on chart and highlighted notes. That’s not positive price action.
BUT.. currently ES is printing just above 12-month Support at 6853 – taken from 30-minute continuation data. It is valid Support.
read this post on Substack
How to play this? a rejected test could initiate a rally and that would be interesting for the Bulls but time printed below it would be another indication of weakness and on a higher time-frame. Exciting!
