Bulls not giving up easily, but we have divergence on the hourly CCI. My take: this is the last hurrah before bulls capitulate.
Pushed a little higher than expected but rejected as anticipated. Next stop: 2630?
Oversold and back above 2800 support. I see it tagging 2880 resistance before another, deeper drop.
Backtesting major resistance. I think this dead cat bounce is about to be over!
Third bump against top of this channel. ES is also hitting major resistance around 2940-2950. Overbought on 1hour and 4 hour. Expecting a pullback, possibly a large one.
As far as I can tell, this was only a temporary pullback working this upward rising wedge. I think we have one more push up towards 300 before a larger decline.