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S&P e-mini Major Control migrates lower

Posted on March 17, 2022 Written by Chart Prophet

03/03 Rejected tested of the 4396 Control. Decline.

03/15 Rejected test of the 4140 VAL. Rally.

03/16 Rally capped at 4353 Resistance, see yesterday’s note.

03/17 Overnight enough has been spent at 4353 to migrate the Control to that level. See previous note. This is now the level to monitor. Time above the Control would be a positive but currently ES has that Resistance to overcome. Rejection at this lower level is possible.

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Filed Under: emini SP500 (ES)

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