#ES_F Pullback to major Support and Resistance line and 21 DMA

Market pulled back today and many feeds were filled with Bears and Doomsday callers ...

Is this the start of a massive down leg or just a technical pullback ? Bear trap or will Put holders be rewarded ?

Time will tell..

CPI next week so anyone's guess . Personally I'm waiting for more resolution and confirmation before trading this spot as it could go either way in my opinion.

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Nice bounce right at the 50DMA , implying more upside but still cautious with a clear and close above 4200 would really bring in some bids IMO