ES found low at the 5948 Support overnight on Monday, see note 01/27. The 6022.50 Control was recovered and Tuesday’s Value Area was generated entirely above that level with Significant Buying (green) being marked. A quick, strong response to Monday’s sharply lower Open and ES is back in a strong position. First Level Support is 6055.50 (1/2R off this month’s high) with more important Support being the 6022.50 Control.
