ESH5 – Tuesday’s RTH generated a Value Area entirely below the 6022.50 Control. Weak position. A v minor (5day) Control has emerged at 5998 and price relative to this level is important to monitor today.
NQH5 – First level Support at 21229 was broken and I wrote that this ‘would confirm the current weak position seen in the E-mini S&P 500‘, see yesterday‘s note. That level was recovered overnight and I will be monitoring it again today.
