Early in RTH on Tuesday, ES tested and held the minor Support at 4128.50, see chart. Price relative to that level is worth monitoring again today.
Last week ES found Resistance at 4159. The 1/2R off an all-time-high, like this, can often be major chart Resistance and end a rally so Bulls need to see ES above 4159 asap and as I wrote on Monday – currently I’m wary of new longs until that happens.
