03/05 I wrote ‘I won’t look at new longs currently below the Control’ (6853). I wrote on Friday that the more time spent around the 6mn VAL (dashed) ‘the more likely we go lower – Bulls would hope for another bounce here’.
read this post on Substack
We didn’t get a bounce on Friday and ES closed at the VAL. Overnight there has been a sharp decline. As I wrote 03/03 there is ‘no obvious Support‘ – ES remains in a weak position and I am now watching to see where/if it finds value (time) down here.
