posted 7.50 a.m. est
Pre-open Thursday 24th September
Price probe above 1070 was rejected again on Wednesday followed by Aggressive Selling (red at bottom) in the p.m. Value Area was overlapping so this is not yet Effective Selling.
However, stats would suggest that Wednesday’s low at 1055.25 will be tested during the day session today (80% of the time red at bottom gets tested the following day).
I’m not now considering the long side until I see Effective Buying above 1062.5.
If there is further weakness to come ES will struggle to print above that level.
