I showed the chart above in the previous post. As the ES market was making a lower low at around 1140 ET, the $TICK pivot was making a higher low, indicating buying interest at the lower ES low.
In addition, the $TRIN was trending down, which is a bullish indication and further confirmed buying interest entering the market at the lower ES low.
On top of all of that, the NYSE Advance - Decline Line was making higher lows also and trending up over the last day or two.
Charles
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