10:01 am EDT: The ES blew through the preferred sell zone showing no weakness. If longs are to gain control today, 1060.75 should now hold, and a long entry is 1062.00 to 1064.00, not holding below 1060.75. However, there is danger of being whipsawed, so we would not buy if NYSE $Tick dips below -850 on a retracement down to this area. We would only short on a move up to 1071.25 to 1074.00, followed by negative $Tick readings of -1000, indicating a rejection of daily R1 or R2 (depending on calculation on day-session-only or combined session).



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