It sold off hard after the new as expected but things got complicated since it didn't rally before as we expeected but after the sell off, which the door open to more upside. The thick resistance around ES1026 could not be breached under Friday's session typical low volume. So the close was quite in no man's land.
Anyway due to some internals overbought condition that still persist, we believe the bounce is still in the cards. We will post more on this later.
BTW, another "reaction" to the ended Recession....
