Pre-RTH on Friday I wrote ‘From my pov it’s a matter of will ES close above that major at 6853. If it does it will look a lot less bearish and the market could repair‘. Buyers showed their intent at the RTH open – testing and immediately rejecting 6853, which initiated a rally up to test the Resistance at 6956.
That Resistance is valid at the start of this week and price relative to that level is important to watch – time printed above would be a further positive development imo.
read this post on Substack
