emini futures 27th November 2018 – after close from Chartprofit
If ES prints below 2718, the major poc, it is in a LT weak position and I remain cautious but it is interesting that very little time has been spent below 2634…from last week >>the 12mn VAL has moved to 2634 (dashed line). ..Bulls would want to see another rejection here and a rally – price acceptance (time) at or below this level would be a negative, it would suggest a new distribution (down) has begun.<< see previous comments.
