I wrote yesterday ‘Resistance remains at 6800‘. A probe just above that level was rejected at the start of yesterday’s RTH and ES sold off quickly.
read this post on Substack
ST: A minor Control has emerged at 6769.0. ST Bulls need to see ES hold that level and then time above 6775 to potentially unlock the upside again. Counter to that, time printed below 6769.0 would have me looking at a re-test of the 6702.5 control.
LT: First indication of mechanical weakness would be a RTH close below 6705.25, the 10/01 Buying Day Low (dashed line on chart), which is just above the Control (Support) at 6702.5. Last Significant Selling (red) was on 08/19.
