Chart of the day: 2800 key support level for ESA

Over the last 18 months, the 2800 level has been a consistent significant support/resistance level for the ESA. With China making its retaliatory moves yesterday, we are probably at peak negativity with regards to the trade war until the run-up to the Trump-Xi meeting in end June.

Please note, I do not think this is a BTFD moment, it is more of a watch for the consolidation and fade the rallies type situation.

For more information on how to use the SSR levels, please search for Relative Force Significant Support and Resistance under Scripts.