Looks like the ES is trying to find support in preparation for the next up-move (once again, so long as support holds, I'm looking for a Buy Signal on the ES).
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Which brings something else to mind and I want to touch on briefly. If you want to, you can pullup a chart of the ES (or any futures indice) and watch how price respects the median pivot point.
Yesterday's was the jumping-off point for the huge 20pt upmove.