On Wednesday I wrote ‘The ST (1mn) Control migrated higher to 6465.5 & worth monitoring today, Support?‘ Overnight on Thursday ES declined to briefly (2minutes) test that Support and then rallied. That was a further sign of strength.
Thursday’s price action actually lifted the ST (1mn) Control to 6479 and that level is worth monitoring today.
Also on Thursday, Significant Buying (green) was marked and mechanically, the first sign of weakness would now be a RTH close below 6480.75, Thursday’s RTH low.
