Monday’s Value Area was overlapping Friday’s – most likely the market awaiting today’s inflation data. That has just been released and ES has rallied initially back towards Monday’s high. Difficult to add anything to Monday’s note – first indication of mechanical weakness would be a RTH close below 6379.75, Friday’s Buying Day Low (dashed line on chart).
ST Support = 6365.
More important (2mn) Support = 6302.
