10:08 am EDT:  Some volatile price action on the Chicago PMI upside surprise, as the ES rallied off the combined session daily pivot, then sold off at yesterday’s settlement in confluence with one of yesterday’s points of control.  Consumer Sentiment came in as expected. 

Critical resistance is now 1061.50 to 1063.00 and shorts will defend it aggressively as the ES approaches it again, as we write.  If the ES can break above, then one of the daily R1′s, 1071.25 or 1068.75 will likely be the high, but an end of month directional move is always possible to take it beyond.  If the ES makes new lows, we will not fade long.  Until then, we continue to look for longs.  No bottom or top picking today.