SPX 1650 Failed Offer to present ES 49 touched. If this is rejected I take last piece off. But I think the only sellers in the US were the buyers in Europe such that we just saw a rotation pause at the Trend Line.
If you are short you are caught in a major rebalancing ahead of Fed Book and Japanese rate decision tonight. If ES 51 is not touched before Europe Close at 1030 CT then you get some relief here.