There are two Significant levels to watch, 4392 and 4353. I previously wrote that ES needed to hold 4353 (the 4mn control) to “retain its strong position (unless control moves again)”. The control moved again during RTH Friday to 4392. On Monday, there was a rejected probe of that level and ES sold-off to close below 4353. Overnight the low has been 4317.25 but ES has bounced and is now probing the 4353 Resistance. Bulls would want to see 4392 recovered asap, this is a weak position.
