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As per previous notes - Buyers in Control, targeting 4940, Support at 4811.50, minor Support at 4882.0. … [Continue reading]

I wrote pre-RTH on Friday that if ES held 4811.50 I was targeting 4940 - see note on chart. Friday's RTH session was printed entirely above that level and we saw a strong end to week with Significant Buying (green) marked on Thu and Fri. Pre-open … [Continue reading]

ES rallied back above 4778 (1mn Control) on 01/08, and is currently holding that level (now Support) in a strong position. In the ST, price relative to this level is important to monitor. In the LT, as long as ES holds 4527 the bullish view holds, … [Continue reading]

90 minutes after RTH open: I wrote on Wednesday the bulls would want to see a quick recovery of the 4778 (1mn Control). After sinking close to 4700 on Friday, ES is rallying back towards 4778 today. Price above that level would be a stronger … [Continue reading]

ES is currently printing below 4778.0 (1mn Control), see yesterday's note on chart. In the ST, if ES cannot rally back above that level then a test of the minor VAL at 4743 (dashed on chart) would be likely. … [Continue reading]