ES - RTH

Weekly pivots have worked really well during RTH. Technically you might see a good bounce @ S2 where we are now. It's Friday, we have CPI and probably some big earnings releases today as well. If it were to bounce, I'd expect some downside in the first 30 mins after the open and then a rally. Failing to do this means there is more downside to come today. I am not predicting, just thinking through probabilities ;)