September coming early this year? It's a trend day down so far and we just breached last week's low on ES by 2 ticks. Could get frisky if we don't bounce here. 2 % down takes us to 4416, but this day can still go green if we reverse from here.
By green today - I'm referring to a green candle on ES. Maybe 4497 / 4500. Second reversal of yesterday's LOD in effect. Needs to see if we put in a higher low and last week's LOW holds here. If we can start ripping above 4470 that looks good for a green close. Time will tell. A positive divergence is that NQ is still holding up fairly well and is still an Inside Day.
Late shorts getting smoked now. Too early to call a full reversal if volatility spikes, though. I'd like a move above 4475 today to be certain. This is no doubt an area of interest both for buyers and sellers.