Two Value Areas generated below the 6022.50 Control. Weak position. Note the Support at the Control on 02/12 (arrowed on chart) – and the Resistance yesterday.
Referring back to note on 4th February ‘Market participants are waiting for the next catalyst that might drive price away from this level‘. Still waiting, but if ES prints below 6022.50 the odds favour lower.
Also, see note 25th Feb, highlighted on chart, NQH5 level still relevant.
