Note: these comments sent 5a.m. est. I will publish an update post-open.
With Japan down 10% overnight, ES has been as low as 1257.50 and as I write is printing 1270. There is actually very little I can add to yesterday’s comments (above). The conditions I would want to see before considering the long side are not going to be met in the short term.
The 1281.50 level is now a potential level of resistance.
