In the ST, ES has been trending down – but on Tuesday time was printed above 5099.50, the 4mn Control, which is an indication of strength, see note 04/19. That level is now Support.
It would be unusual to see a dip from high end on a week with Friday on the low, but not unknown, that’s why I’d rather see if ES can recover above Resistance at 5150 (1/2R off high – dashed) before looking long.
