Time to update my ES Daily Chart with 5 x 50 DMA Cross Over Signals. The most recent signal on 8/06/19-- a Sell Signal-- when the 5 DMA crossed beneath the 50 DMA at 2931.00, remains intact. Yesterday's big decline in ES pivoted the 5 DMA into a sharp negative slope, which strengthened the Sell Signal. The negative slope of the 5 DMA is at 2885 as we speak, which represents powerful resistance on any recovery rally.
So far, today's recovery rally is challenged by resistance between 2860 and 2870... Last is 2850.50