The Trend/Osc system gave a sell signal last night when the Dyn Osc dropped below 80 and prices closed below the trend line, ES was shorted this morning as a result.
However, prices rallied up to yesterday's high this afternoon, which reset the trendline and the Dyn Osc and the short ES was liquidated as a result.
Still looks like a bearish situation to me, but we may need a little more corrective rallying for the next day or two.
