I wrote yesterday that ‘Price relative to 6465.5 is now important to monitor but time above that would have me targeting 6555 in the ST‘.
Early in Thursday’s session there was a rejected test of that level and ES rallied strongly. Significant Buying (green) was marked.
First mechanical indication of weakness would now be a RTH close below 6456.25, yesterday’s Buying Day Low (dashed on chart).
