If this diamond continues to form, we could see sub 2400 retested within a matter of days. Very speculative idea, but one i wanted to share. Overall there is a larger diamond forming IMO on ES and reminds me of Apple chart in early Oct.
Right before the close, I purchased QTY: 30 PUTS on XLF - 28.50 strike for 2/23 on Descending Triangle Continuation. This is my way of shorting SPY right now as options are still too expensive for my liking. XLF correlation with SPY has been very strong.