1. Today's trading action played out according to my last night assessment of a short term trading range market and I expect this will continue a bit longer before ES is ready to commit to a direction (when pinky and thick blue rendezvous and rainbow tighten further). Indicators remain in bullish territory. Pinky is near 51 and today's close should be right near pinky again unless the next 30 minutes of extended hour trading can push ES much lower (~49 now). Therefore ES based on daily chart continues to be range bound with bullish bias.
2. 3-Hour chart after a length consolidation and broke down and cancelled out the long green candle of yesterday. The fact that low (42 of our 41-2 support) was lower than previous low of 46 should be a concern for bulls and now ES is below Orange line again. Now these levels appear to be a fair game for bears (near 45.5, 41-2 and 34.5). However indicators are still bullish and if ES back up above 51 a pinky cross over could be avoided. We shall see if bulls can put up a fight near 51 here.
3. Repost previous RS Levels (with minor refinement): 81， 72-4， 64.5-66.5， 54-7 zone, 51, 45.5 zone， 41-2， 38, 34.5， 23， 11.5
PS. Just checked for the daily close and surprise it is 51. Told you 51 is a magnet and a key level on our watch list for sometime now. Hey I am not pulling these numbers out of thin air. There are here for a REASON!
Daily
3-Hour
