I’m monitoring price relative to the minor Control at 6952 and the major Control at 6906. Time below the minor would indicate a test of the major.
Pre-RTH today ES prints just above 6952. A rejected test of that level could set up a rally.
First mechanical indication of weakness would be a RTH close below 6945.5 (dashed), Tuesday’s Buying Day Low.
read this post on Substack
