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ES spent more time at 6146 on Wednesday; now 8day Support. Has printed above 6180 today. First mechanical indication of weakness would be a RTH close below 6109.0, Tuesday's Buying Day Low (dashed line on chart). … [Continue reading]
If ES holds the 6011.5 major Support and breaks to new high then I will be targeting a move above 6600 with a possible stall around 6400.Today: price relative to the v. minor Control at 6146 is worth monitoring. read this post on Substack … [Continue reading]
Development: Major Support moved higher to 6011.5 (from 5915.5)I wrote yesterday that price above 6067.5 'would put ES in a much stronger position'. That has happened and so 6067.50 is now First Level Support. read this post on Substack … [Continue reading]
Note: Now following the Sep Contract - here are the revised levels.Major Support = 5915.5Resistance = 6067.5. Price above that level would put ES in a much stronger position.Today, there is Minor (10day) Control at 6039.5. Intraday Support / … [Continue reading]
See 5 minute chart - we have a proven level to work with at the start of next week. … [Continue reading]
Note: showing June chart until next week - chart changes to Sep on Monday. read this post on SubstackES broke below the 5966 Support but has recovered that level. Resistance remains at 6016 (eq for Sep = 6067.5). Price above that level would put … [Continue reading]
Note: Still showing June for now - levels based on that contract. read this on SubstackOvernight ES has broken below the 5966 Support (see yesterday's highlighted note) and that put ES in a weaker position. For the June contract, price around 5911 … [Continue reading]
Note: Still showing June for now - levels based on that contract. read this post on Substack and sign up for free newsletter.Development: On Tuesday major Control migrated to 6016 (from 5966). Little time would need to be spent at 5966 to bring … [Continue reading]
Note: I will continue to show June contract, at least for next day or two. So levels based on that contract.read this post on Substack Recap: Friday's price action held the the 5966 Major Support and ES rallied.Overnight: ES has tested below 6001, … [Continue reading]
In Friday's pre-RTH note I wrote 'A RTH close below 6005.0 (Tuesday's Buying Day Low) would be a mechanical indication of weakness but note the Major Support at 5966'. Friday's RTH did close below 6005 BUT the 5966 Support capped the downside … [Continue reading]