ES has ramped higher since the March lows but we are currently hitting an inflection point. We have closed the initial gap from the decline earlier this year and there is negative divergence on the daily RSI. This is a good R/R short.
This week’s signals are bullish and these are so far being confirmed with Monday’s almost 60 Pt gain. However, selling from ahead of June’s top has switched signals in each of the last 2 days to temporarily bearish. These too have been confirmed with Wednesday posting initial losses of 20 Pts. Those losses have been recovered and although there is no clear bullish...