I will take advantage of weakness today to cover my shorts. Here are support/resistance levels around the current market price for the ES:
My preferred level is 1118.75 but depending on where the market opens this can change. The home sales data is due in about 30 minutes and the market will probably be volatile.
I do not think the correction is over but there has been enough downside for the longer term bulls to start buying, especially since the market is pulling back after a break-out on the daily chart.
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