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ES_F e-mini 16th February 2023

Posted on February 16, 2023 Written by Chart Prophet

The minor Control (1mn) migrated down to 4128.0. Pre-RTH ES is printing below that level so 4128 is Resistance today. The minor Value Area Low (VAL) has also moved lower to 4080 and if Bulls are in control of the minor time-frame this level could Support. More important Support remains at 3989.
In the longer-term, the reduce risk point is still 4048.50 (triggered by a RTH close below that level) and this has not been threatened since the start of the month.

Filed Under: emini SP500 (ES)

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