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I'm not adding new longs if ES prints below 3983.50. I wrote that a RTH close below 3962.75 (11/22 Buying Day low) would be ST mechanical Sell for me, this happened yesterday but it was very close.Support at 3796. Resistance at 4155. … [Continue reading]
Adding little to yesterday's note. The minor Control is at 3983.50. At current levels I'm not adding new longs below that level. A RTH close below 3962.75 (11/22 Buying Day low) would be ST mechanical Sell for me.Support at 3796. Resistance at 4155. … [Continue reading]
The minor Control is now at 3983.50. Price relative to this level is important to monitor. ES is currently printing above that level but time below that price would be an indication of weakness in the short-term.More important Support at 3796. … [Continue reading]
The minor Control shifted lower to 3960.50. Price relative to this level is important to monitor. ES is currently printing above that level but time below that price would be an indication of weakness in the short-term. Time above 3984.50 would … [Continue reading]
As per note Friday - Price relative to the minor Control at 3984.50 is important to monitor. ES opened RTH on Friday above that level and immediately declined below it. I won't look at new longs below that minor Control. … [Continue reading]
ST: Price relative to the minor Control, now at 3984.50, is important. ES opened above that level and 15 minutes in finds itself below it. Not a great start to RTH. I won't look at new longs below that minor Control. … [Continue reading]
The minor Control at 3990.5 (see yesterday's note) turned out to be Resistance twice in Wednesday's RTH, see arrows on chart. There was weakness from there with ES printing down towards 3900. First Level Support is now 3844 and Second Level Support … [Continue reading]
Following last week's rally, ES is holding higher. First Level Support is the minor Control, now at 3990.50.Further Support at 3844. Resistance at 4135 Control and slightly higher at 4155 (1/2R off this year's high - dashed on chart). … [Continue reading]
Following last week's rally, ES is holding higher. First Level Support is the minor Control at 3984.50. Price printing time below that level today would be a minor indication of weakness.Further Support at 3844. Resistance at 4135 Control and … [Continue reading]
Following the positive price action earlier in the week (see previous, highlighted comments on chart) ES rallied strongly after Thursday's inflation data and has held higher. Minor Support is at 3844. Resistance at 4135 Control and slightly higher at … [Continue reading]