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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]
On Wednesday, there was a rejected test of the 6060 target.Overnight, ES declined below the Major Support at 5966 (see note 06/10) but has recovered to test the 1/2R off Wednesday's high at 6001 (dashed line on chart) and, as of pre-open, has not … [Continue reading]
ES has declined a little since reaching the 6060 target yesterday. Today, if there is a test below 5980 I'd be interested to see if Buyers respond. read this post on Substack In any case though, and as per yesterday's note - 'a RTH close below … [Continue reading]
Target at 6060 has been reached, see note 06/03. Since then ES has declined to test below the 6012.50 Support but has recovered that level. Tuesday was a Buying Day (green) - so a RTH close below 6005.0 (Tuesday's low) would be a mechanical … [Continue reading]
Friday pre-RTH I wrote that minor Support was at 5983. Friday's RTH low was 5984.50 - that's ST positive.Development - Major Support has moved higher to 5966.0. First sign of weakness is now time printed below that level. I've been targeting 6060 … [Continue reading]
ES has printed as high as 6025 since RTH Open. v min Support at 5983 now - review lower Support levels from previous Notes. targeting 6060 if these hold, as per note 06/03. read this post on Substack and sign up for the free newsletter. … [Continue reading]