So here are ES levels per Dr Fibonacci, PhD ... Blue is ATH to Bear mkt low, and the green is the low to reaction high. If this pullback gets bought (which, at the moment, looks to be the case), then the second leg up should term somewhere close to 2785, up to 2930 +/- ... Also, Bonds are rallying and I do expect that they will make a run for at their prior ATH price/low yield in the coming days and weeks.
As I said several times bottoms in for a while and volatility will die down . 90% of the panic is over and I think trades will take longer to make money .I still think we go lower over the coming months .
Up until 3/10, 3/14 or so was the clean short money aka readable patterns. Lot 1 hour chart, multiple hundred point clean breakouts. Then it became chop suey. Hasn’t been a good short market imo since. Probably bullish but again, neutral bias
Actually, 38, 50, 61 are all possible retracements. Can't tell if it's going to retrace to either one of those levels.