ES 1328

If it is going to bounce, it could happen from the 1328 - 1332 area...which is confluence of support for VST and ST. ES lines are as follows... LT = 1309 IT = 1311 ST = 1332 VST = 1328 ES trends are bullish above/bearish below those numbers. Higher timeframe trend numbers haven't changed in quite a while, which is indicative of the trading range we have been in between 1268 and 1387. Higher highs/higher low pattern remains intact above 1309 area--but a move back down below there would cancel any bullish hopes. 1328 was a VST buy to cover signal from Friday's sell at 1345. All trends remain up above 1332--but bias reverses with a move back below those levels.

Watching NYSE advancers/decliners for a clue here... Decliners = 1499 Advancers = 1292 So far, both levels below the halfway point of 1681 (there are 3362 NYSE ticker symbols) which means no conviction. If one side takes the lead and crosses over that line (1681) then we may get some direction.