ES made some considerable moves to the downside this week. Now it is time to partially rebalance those scales. My expectations for the first few days of this week: Monday-Tuesday- Upwards retracement with price being pulled upwards by 4553. Once there I will look for area rejection signs for our next leg down to the 4483.25 target.
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With DXY's nice retracement we see ES making a nice move towards rejection zone. Mind you it is still Monday morning and all this groud was covered during the Asia and London session not expecting much out of NY but Chop this Monday.
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ES accepting its downfall did was not able to gather up the courage to find a higher high than what it gave us...
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CPI did a really great job of creating a Price action movement that truly left us in no mans land