ES held strong at the last support level
and is now breaking up out of the range and the 24hr MA is turning up. The internals are still strong so DTL's (Downtrend Line) breaks need to be bought. In addition the VIX
is selling off and Equity PCR
( put/call ratio
) is pulling back supporting more upside. Looking for channel high as a target and see how price responds. If it can break out, we could end up with a blowoff move here.