I wrote on Friday that I was surprised by the strength of Thursday’s recovery – I thought we were going to see more downside… and ES pushed higher during Friday’s RTH. Today, price relative to 4954.5 (minor Control) is worth monitoring, if that level can hold in the ST it will keep ES in a strong position and will be a ‘go with the breakout’. If not, then 4811 may still need to be tested, see Wednesday’s note on chart.
