In the shorter timeframe there has been negative development – the 4wk Control has moved to 5024.50. ES is currently printing below that level and is therefore in a weak postion in the ST. First Level Support is 4972.0. A RTH close below 5013.75 (Thursday’s Buying Day Low) would be a negative.
There is more important Support at 4812.0. As long as that is held, ES is in a strong position in the LT.
