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emini SP500 18th January 2022

Posted on January 18, 2022 Written by Chart Prophet

from Friday pre-RTH
ES is back in a weak position and once again Bulls would want to see 4689 recovered as quickly as possible. The 3mn Value Area Low is at 4597 (dashed line) and if the current distribution is still valid a fast rejection at that level would be expected. Acceptance (time) there or lower would be a further indication of weakness.

Pre-RTH today ES has briefly tested 4597 again.

click chart to enlarge

Filed Under: emini SP500 (ES)

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