Please note: the following was posted on https://chartprofit.substack.com/ on April 9. Due to a technical issue, the post was not archived here until April 11th.
See yesgterday’s note, on chart. Tuesday’s Value Area was generated entirely below 5244 – ES remains in a very weak position even on the shortest timeframe.
The v min Control has migrated lower to 5012.50. If ES prints time below that level, the odds of a new low increase.
I would want to see signs of Effective Buying (green) before even considering the long side.
