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From note pre-RTH 07/25 highlighted on chart, 'the minor Control has now migrated to 4586. If that level can be exceeded it would set up a higher target now of 4678'. First sign of weakness now would be time printed below 4586. … [Continue reading]

from yesterday's pre-RTH note 'First Level Resistance at the start of this week is 4591.00'.You can see from the chart that there was a brief, rejected test of this Resistance on Monday.Development: the minor Control has now migrated to 4586. 'If' … [Continue reading]

Selling (red) was marked on Thuursday but the First Level Support at 4550.50 was not tested. ES has rallied back strongly and Pre-RTH Open is approaching today's Resistance at 4591.00. If ES prints time above that level post-open we could see a … [Continue reading]

LT: please read Monday's note, highlighted on chart.ST: as noted, the v min Control migrated to 4550.50 on Monday. Tuesday RTH opened just below that level, recovered it immediately and rallied for the rest of the session. Held higher overnight. … [Continue reading]

In the longer time-frame ES is probing above the Value Area High at 4537, see daily chart, so we need to watch for rejection. However, as mentioned many times before, acceptance at VAH often indicates a new distribution (in this case up) has begun … [Continue reading]