Buy-The-Dip Follows Two-Day Pullback

Good Thursday Morning, MPTraders! Pre-Market Update: 

Yesterday afternoon, President Trump threw cold water on an imminent U.S. military attack on Iran, which immediately triggered an algorithmic headline-triggered short-covering rally that persisted into the close, and in so doing, propelled ES above its 20 DMA ahead of the closing bell, averting a problematic, potentially negative technical setup.

On the contrary, yesterday's early weakness to a two-day low at 6923 ended a 1.6% pullback from the ATH at 7036.50 (1/14/26) that has been followed by a strong rally to 6999.00 so far during this morning's pre-market session. In a nutshell, all of the price action from the ATH can be characterized as another Buy-the-Dip opportunity within a still-dominant post-11/21/25 uptrend pattern.

As such, yesterday's low at 6923.25 becomes the most recent key near-term technical upside pivot-support coordinate. As long as 6923.25 remains intact, the bulls will be in directional control, eyeing a retest of the ATH-zone from 7025 to 7035, that if (when?) taken out, will open a higher pathway to 7100-7130... Last is 6999.00...