In Friday’s pre-RTH note I wrote ‘A RTH close below 6005.0 (Tuesday’s Buying Day Low) would be a mechanical indication of weakness but note the Major Support at 5966‘.
Friday’s RTH did close below 6005 BUT the 5966 Support capped the downside (see chart). When ES resumed trading on Sunday, it printed briefly below the Support but immediately recovered. Positive indications.
read this post on Substack
Today’s session will likely open above 6001, the 1/2R off Wednesday’s high (dashed line on chart) and this is Frist Level Support.
