LT: The 7mn Control migrated to 4152 on 08/04 and ES has struggled to print time above it since then, see chart. That’s becoming a concern to me.
ST: Overnight, ES found Resistance at 4152, the 7mn Control, and has subsequently printed below 4125. Repeating yesterday’s note, a RTH close below 4112.50, (dashed line on chart) Wednesday’s Buying Day low, would be the first indication of weakness.
