ES confirmation

As mentioned last night, 3C on ES is VERY reliable for intraday moves, the only time 3C has been embedded in a negative divergence is when there has been confirmed selling in to strength. This is what I saw last night and expected to see today.

Here's the confirmation to not only ES, but thus far to the entire view/concept of a bounce...

 3C is leading negative to another new low as ES moves up, this appears to be the same thing we saw at the start of the week, persistent distribution in to any price strength.

The CONTEX ES model also shows ES overvalued, which is right in line with last night's post and yesterday's market updates.

This is one bounce I really want to see and really want to be able to get some positions short in to price strength.