ST: I wrote 10/28, ‘First sign of mechanical weakness would now be a RTH close below 6877.0’ which is 10/28 Buying Day Low‘ (dashed line on chart). Tuesday RTH closed below that level. Not too happy about that.
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LT: I wrote 10/21 ‘as long as ES holds the Control at 6711 it is in a strong position‘. Bulls would want that Support to hold or recover a test quickly. Time below that level would indicate weakness on the longer timeframe.
