As expected yesterday the morning session had a positive tone, which gave way to strong selling late afternoon. 
SPY close down 1.03%.
However, bulls are unfazed and
ES futures are pointing to about 1.2% higher open.
Bulls are smelling victory seeing the resistance level so close but have been frustrated the last two days.
ES futures inventory is almost 100% long in the ON session. A strong liquidation break to the downside is a strong possibility in the morning session.
SPY close down 1.03%.However, bulls are unfazed and
ES futures are pointing to about 1.2% higher open.Bulls are smelling victory seeing the resistance level so close but have been frustrated the last two days.
ES futures inventory is almost 100% long in the ON session. A strong liquidation break to the downside is a strong possibility in the morning session. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.