See yesterday’s note, highlighted on chart.
During Tuesday’s session ES found Support in the area of the Control at 5635 (arrowed) and today’s session opened below that level and immediately recovered it. On an ‘normal’ day (if there is such a thing) that would be ST bullish price action and I’d be looking for a Value Area above 5670 to liberate the upside BUT today is one of a high-risk event. Price below 5635, as I wrote yesterday is “a weak position”.
