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During Thursday's session there was a brief, rejected test of 4226, the 12day controlling price. ES rallied back from there to close the RTH session in a strong position in the ST. That level remains ST Support.First Support in the longer-term is at … [Continue reading]

The 10day Support has moved to 4226. ES needs to hold this level to maintain a strong position in the dayframe. Next Support is at 4197 and in the longer-term, the 3mn Support is at 4163. ES has been consolidating above that level for two weeks, … [Continue reading]

In the ST, price relative to the 1 month Support at 4197 is worth monitoring at the start of the week. In the longer-term, as long as ES holds the 3mn Support at 4163 it is in a strong position. ES has been consolidating above that level for two … [Continue reading]

The last eight Value Areas have all been generated above the important Support at 4163 (3mn controlling price) and, as I wrote yesterday, as long as ES holds this level it is in a strong position in the longer timeframe. Sentiment: My version of … [Continue reading]

Six consecutive Value Areas have been generated entirely above 4163 (now 3mn controlling price) which is an indication of strength. ES has been consolidating above that important Support. In the ST, the six week controlling price is at 4197 and price … [Continue reading]