Quote from Lawrence Chan:
That's the annoying part of potential trend change on weekly.
Given ES failed to close above last month high, it is likely it will try to test last month close, which is not far from here at 20.
From there if gap fill to the downside is completed it is still mid-10s for ES.
It confirms that USD "should" bounce at the same time.
Will have to see if USD acts as weak as it has been after this bounce.
"Dip buying has been consistently rewarded lately and it doesn't much matter what caused the dip."
