My ES TREND Chart above...It was a trick Houdini himself would have been proud of but last night's "Kill 'em Bulls & Bears" session has really not changed the bigger picture...yet.
The ES SWING Chart is still very much in a Bear TREND (See Charts below) and now PRICE, is merely heading back up to challenge last PRIME Resistance at 962.50. And unless PRICE is able to Breach this Resistance level, then expectations would merely be that PRICE will fail, and head back down to challenge last PRIME Support created last night.
Likewise, for the ES POSITION Chart. PRICE is now heading back up to challenge last PRIME Resistance at 1008.50 - Failure to Breach this Resistance would merely bring PRICE back down, to challenge last night's lows.
Unless we see a PRIME Higher High created, nothing has changed. Period.
My ES SWING Chart above...
My ES POSITION Chart above...
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