I wrote 05/08 that the “1mn Control has migrated slightly to 5647 – if ES can hold that level we could see another push higher, towards 5900“.
ES held 5647 on Thursday and Friday and has made a move higher overnight, above 5850. If a test of 5900 plays out, the reaction will be interesting to assess, i.e. whether that level is rejected or accepted (time). Time below 5647 would be first sign of weakness now.
