The major Value Area Low is at 4140 (dashed line) – overnight that level was briefly tested. 60 minutes in to today’s RTH and ES prints above 4200.
The major controlling price at 4396 was effective Resistance earlier in the month. As I’ve been writing, I want to see price above that level before considering new longs. ES remains in a weak position. The Control may migrate lower which could open up more possibilities but that has not yet happened.
