ES - Logical area for shorts to step back
- 200 DMA on 3D chart near 3840 should offer solid support could squeeze, but given how intense selling has been, I don't think the bottom in yet. One more R2G capitulation move below 3840 is what I think would take for a real relied rally.
- Growth names started selling before the indices did, and now select a few growth names are showing strength, so I'd watch for follow through before Index catches up.
- target 4020/30 on the current move, pullback and retest of the lows around 3860.
