I feel confident in my position .. The FED tucks me in at night and sings lullabys.. I get a warm tingly feeling when I think of the FOMC.
so far ES fits the profile of the "rolling chop" lower...IWM (Russell 2000) looks like a more compelling intermediate short (so many junk companies in that index).
We're starting to see reaction to Nasdaq's previous support, 200sma daily is there too, as well as MACD is signalling weakening price action. I would never be long here personally, too high, need a discount window.