#ES_F I wrote yesterday that 'the first mechanical indication of weakness would be a RTH close below Monday's Buying Day Low of 7758.25'. Strictly speaking that happened but it was very close - see the dashed line on the chart and see where yesterday's RTH ended. Also yesterday's RTH.. more on chart

#ES_F I wrote yesterday 'the minor Control has migrated higher to 7837. ES is printing below that level pre-RTH today but if recovered and held then a move above 7970 would be indicated (probably above 8000)'.
That bullish trigger never occurred as ES remained below 7837 for the.. more on chart

#ES_F I wrote pre-RTH on Monday it was 'Looking better for the Bulls'.
Development: minor Control has migrated higher to 7837 (from 7665). ES is printing below that level pre-RTH today but if it is recovered and held then a move above 7970 would be indicated (probably above 8000)... more on chart

#ES_F I wrote 09/17 that 'ES has to hold 7665 to put the odds back on the Bull side'. Value Areas were generated above that level on Thu and Fri. Looking better for the Bulls - price back below 7665 would alter that view. ES has printed above 7770 pre-RTH today.
ES closed strong on... more on chart

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#ES_F The 1/2R off the August high is at 7739.5 (dashed line on chart). This natural Resistance was tested overnight and ES then declined back below 7700. The first rally in a bear move will often be capped at the 1/R off high so it's an important level to monitor. Price above that.. more on chart

#ES_F I wrote yesterday 'the minor Control fell to 7665. If this Support is broken the ST downside target is 7600'. It played out like that. There was a brief test of the 7600 Support and ES has bounced strongly since then - printing >7720 this morning.
ES has to hold 7665 (ideally... more on chart

#ES_F Markets await Fed interest rate decision so fireworks later today? but here's the levels to watch.
ES: the minor Control fell to 7665. If this Support is broken the ST downside target is 7600. LT Support at 7510 and Resistance at 7752.
SPY: ST downside target 752.0. LT Support at 737.

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#ES_F From note 08/25 'ES needs to recover 7769 before I assume this dip is over'. There was a rejected test of that Resistance on 08/28 and that level was not recovered.
From note 09/03 'The 2mn Control has migrated lower to 7686. This is the level to monitor in the ST'. Overnight.. more on chart

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#ES_F Development: The 2mn Control has migrated lower to 7686. This is the level to monitor in the ST.
I wrote yesterday that 7686 was 'First Resistance' and so it proved during yesterday's RTH (see chart) but ES has now recovered that level and has opened today's RTH above it. Can Bulls hold it?