There were ST indications of weakness on Wednesday – see Thursday’s note on chart, and Thursday and Friday continued lower.
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In Friday’s note I wrote ‘The 15day Control migrated lower to 5867.5. Bulls would want to see that level recovered asap‘. Overnight that has happened and ES has printed above 5890 which is encouraging. The 5867.5 Control is now Support and it would be a positive to see that hold at the start of this week. ‘If’ it can I would be targeting 6080.
