Near Term Trend: Bearish / Neutral
As of 4/22/18 @ 10:23pm EST: 2,679
UPDATE: In the intra-week update on the 18th, I noted I would be shorting at / near 2,718.50 with stops on a daily close above that level and with a downside target of 2,475.
Stocks peaked out this week right at the 2,718.50 level noted in Wednesdays update. Since then, the sellers have been in control. For them to stay in control, though, we would need to see a close below 2,659.25.
If not short already, Id be looking to short ES futures near 2,684.50 with stops on a daily close above that level and with a target of 2,474.