The ES market has remained within the overnight range of 1336.25 - 1325.75. The market is attempting to make a higher low, but is failing to make higher highs.
The tone of the market is slightly bearish. The $TRIN started out bullish, but since has had a bearish uptrend.
$TICK is more bullish than Friday, but this as yet to translate into higher equity or future prices. Time will tell if this is a short term bottoming process. We will have to see a close above 1336.25 to confirm a change in market direction.
Charles
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