Overnight price action in the ES confirmed our sideways price action bouncing off the 1857 MR area and selling off hard down to the MS area of 1821 but coming up short and rallied off of the low of 1825.75. Price took off like a rocked as the general market opened at 9:30 am EST to rally all the way back up to the 1857 level just before lunch then rolling back over to head lower. This time price could only make it back down to the 1829.50 area, before the bulls took over, as lunch was ending the institutions took price all the way back up to MR and broke the 1857 level to make a new high of 1863.75. The new high was short lived as price headed lower below the 1857 level to close out the trading day at 1848. Since price could not stay above the 1857 level, price is still sideways on the 60 minute chart...
