In yesterday’s note I wrote re the Control at 5635: ‘imo we could well see that Support tested at the start of the week‘. That Support has been tested overnight with ES printing below 5620. Positive price action here would be a recovery of the Support post-RTH open – that would keep the ST bullish outlook intact.
As we know, there is further Support at 5533.25, the 1/2R off high – I won’t take a negative view yet if that level holds the downside.
