from Monday’s note: ‘there is minor Support at 5098.0. Price relative to that level post-RTH-open would be worth monitoring‘. Early in Monday’s session ES declined below that Support, see chart.
The minor Control has migrated to 5077.50 and that is the level to monitor today. Pre-RTH ES prints very close. Should ES find Support there post-RTH open, we could see further Buying above it. Downside price action this week has been muted and Wednesday is a typical day for a turn-around in an ongoing bull move. Price below 5077.50 and I will be wary.
