ES Swoons After Relatively Strong Economic & Price Data

ES has swooned in the aftermath of this AM's relatively strong economic and price data, coupled with Fed Head Logan's (Dallas Fed) "warning" that further rate hikes are warranted... ES has pressed to the lower boundary of my first key support zone from 4173.75 down to 4164.50, teetering on a more severe breakdown to test yesterday's upside pivot level in and around 4150... From the perspective of my attached Hourly Chart, all of the action since early April remains a well-demarcated sideways range THAT STILL REMAINS INTACT despite yesterday's advance to the top of the range... Last is 4165.75....

FinancialJuice