$SPY: Is this All of the Selling Pressure?
ES-- heading into the final 40 minutes of trading, ES certainly is resistant to any downside pressure. That said, as long as ES is trading beneath 2892, it will remain vulnerable to another loop down to test the intraday low at 2875.25, and if violated, will point to 2855, and then 2835.
I figure that ES has another 23-24 hours of downside vulnerability. By Thursday at this time, traders and investors will be anticipating another strong Friday session... Last is 2879.50