Yesterday’s sell-off saw a brief dip below 4940 late in the session followed by an overnight recovery that has tested 5000.
The RTH close was well below 5016.25, Friday’s Buying Day Low (dashed line on chart) which was a mechanical indication of weakness.
Following that, I’m looking for a continuing response from Buyers today before considering new longs – ES holding above 4972.0 (now minor Control) would be a start.
