Update from Danny | Our Lean

Update: The ES has pulled back 46 points from its high to low. Most of the weakness is coming from the RTY and NQ. It seems like most people think we trade lower into the Fed Minutes but we already have.

The markets are clearly under some selling pressure and the ES is lined with sell stops. Right now the ES acts, lower but that could change during the Fed minutes.

For now, the mid 4260s are holding as support, while yesterday’s low around 4278 continues to act as resistance.

So what now?