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ES_F e-mini 19th January 2023

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I wrote that Bulls would want to see any test of the 3955-65 area of Control (and Support) to be rejected - as happened last Thursday, see note 01/17. Yesterday's price action was not positive in that respect. When price is close to a Major Control … [Continue reading]

ES_F e-mini 10th January 2023

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On Monday there was a brief, rejected, probe above the 3955-65 Resistance Area - see yesterday's note. LT strength would be indicated by time above that Resistance but the reversal we saw yesterday is worth respecting in the ST. There is potential … [Continue reading]

ES_F e-mini 9th January 2022

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Friday's Value Area was generated entirely above the 3857 minor control which is a stronger position in the ST and ES is today attempting a break above the range it has been in since mid-December. The major Resistance is 3955-65 but if this can be … [Continue reading]

ES_F e-mini 6th January 2022

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Thursday's Value Area was generated entirely below 3857, the minor control, which is a weak position. Today, RTH has opened just above that level which is encouraging but if time is spent below it at the end of this week, I'd be targetting a test … [Continue reading]

ES_F e-mini 5th January 2023

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The minor levels we have been monitoring at 3857 Support & 3896 Resistance, are still in play - see yday's price action on chart. Not sure ES is ready yet to break out of the 12-day range but those levels should help indicate the direction. If … [Continue reading]

ES_F e-mini 4th January 2023

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On Tuesday there was an early, rejected, test of the Resistance at 3896 and ES declined quickly to test, and break, the minor control Support at 3857, see yesterday's note. ES has recovered 3857 and this is Support again today. Another break below … [Continue reading]