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emini SP500 7th December 2021

Posted on December 7, 2021 Written by Chart Prophet

Short term: Both levels given yesterday were useful in yesterday’s price action. The session opened with a brief test of 4558, the v minor control, and ES rallied from there, see yesterday’s highlighted comments on chart. The 4610 Resistance level capped the session’s high, and today is First Level Support. Pre-RTH, ES is printing higher – the next Resistance being 4672.50.

Longer term: Same as last week – I’m waiting until Significant Buying (green) is marked again or ES prints a Value Area back above the 4672.50 Control before looking at new longs.

click chart to enlarge

Filed Under: emini SP500 (ES)

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