Sellers (red) made a mark on Monday and this brought an immediate response from the Buyers (green) on Tuesday. Red day followed immediately by a Green day is rare and usually bullish in the near term.
I wrote yesterday that the ‘First positive would be ES printing time above the v min Control at 4396.5’. That has happened. The Control has migrated slightly to 4411.50 and price relative to that level is important to monitor. If ES can hold above that point I will look higher. Currently ES prints very close.
