On Thursday ES opened above the 6989 Support but immediately lost it, falling sharply – breaking the Major Control Support at 6956 and declining all the way down to test the previous 6month Support at 6907 (see note 01/23).
The good news? Buyers responded here and rallied it all the way back to the 6989 level.
Today, price action has been centred around the Major at 6956. Nothing that convincing so far from the Sellers. Let’s see where it closes.
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