Please note: the following was posted on https://chartprofit.substack.com/ on April 10. Due to a technical issue, the post was not archived here until April 11th.
Strong rally yesterday. There is natural Resistance at 5533 (dashed line) which is the 1/2R from high for June contract. See chart, ES is testing that level.
1/2R from high is often where a bear market rally will run out of steam so time above that point would be a positive. Above that we have Resistance at 5635, the Major Control.
