/ES (S&P 500 futures) is currently backtesting the mid-Dec uptrend line from below with the 4004 price resistance just a hair above. Although I’m still awaiting a break below Monday’s low on all the indexes for next bearish ‘check mark’ although it wouldn’t hurt to see hard reversal off this trendline backtest.
With Treasuries at support & the equity indexes oversold with divergences on the very short-term (5-minute) charts, this offers active/day traders an objective entry for at least quick pullback trade. 60-minute chart below.
ES 60m March 16th