Since mid-February price has been oscillating around and centred close to the Major Control at 6853. Even after the recent decline on global news price has found its way back to that level after a brief test of the 6mn VAL (dashed) on Tuesday proving Buyers are willing to buy at perceived value. ES is close to 6853 pre-RTH today. We don’t know how long this will continue but I won’t look at new longs currently below the Control.
read this post on Substack
Today, price relative to 6866.5 is worth monitoring.
