I wrote yesterday ‘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.‘ I gave a counter, bearish scenario but the bullish one played out with ES rallying immediately after open from just below 6769.
read this post on Substack
ST: Today I’m watching (again) how price behaves around 6800. If ES can print some time above that level we should see it higher (6825 as target today if that happens), also SPY has had a cap at 673 for last two days so I’ll be watching that level as well.
