I thought I was. Starting to wonder now. It doesn't look like a reversal is in the cards for today after the 5690 fell.
I'm not a predictor as you know. But weekly ES is at a level relative to its past three weeks where next week should close above its open. But that doesn't mean it doesn't drop another 200+ points before buyers step in to fight back. If I had to predict, I'd say we close somewhere below yesterday's low, and then whatever the open, they start buying it from Sunday night through most of next week. Thankfully, I don't have to predict. So I'll shut up now.
By my reckoning Feb 28th and March were the only up closes during this entire downtrend. And both those days failed to close above the previous daily bar's open let alone their high's. Until one daily bar does even that I'll stick with a down bias. Of course only entering if/when I have a valid setup.