The primary focus this morning was on buying the ES on a pullback into 2158.50 / 2156.50 SUPPORT. Contextually, the bigger picture bias is still bullish, there was no real downside momentum in the NYSE TICK and the S&P A/D line was sustaining positive levels when the ES pulled back into 2158.50 / 2156.50 SUPPORT (filling the gap at the 2158.50 Prior Day CLOSE). Additionally, the broad market A/D lines indicated positive divergence on a re-test of the opening range low. This was enough weight of evidence for buying the ES within 2158.50 / 2156.50 SUPPORT expecting a move higher. Watch today’s Market Video Recap for more details on today’s trade set-ups.
