Pre-open Thursday 23rd July
The First Level S/R at 943 held on Wednesday.
I have not marked Significant Buying for two days giving the Sellers opportunity which they have declined. I have not marked Significant Selling for eleven days now.
943 remains the First Level S/R. Buyers are in control and I am expecting higher prices in the short term as long as ES remains above 943. If ES stalls, 948 is the level most likely to attract time which I would interpret as bullish.
Note; NYSE volume has been low, yesterday it was close to a billion. The 10 day ma is 1.1 billion. In the middle of May the 10day ma was 1.6 billion.
