The ES hit a new low at 1241.25 overnight and has rallied since then. We're trading at ES 1267 (SPX ~1272) right now, up more than one percent, so it looks like the
count I posted intraday yesterday is unfolding.
As long as the 1260 level holds on an hourly basis I continue to have a slightly bullish bias if it breaks though we should see a sell-off to 1220-25.
