But looking at all-hours trading, ES has broken its downtrend line from Sunday night's high (a new high that was not matched by the cash market) and that could be a heads up that the pullback has finished. I prefer to use the cash market for analysis (or certainly confirmation) so I'd want to see ES break it's RTH downtrend line from Friday's high, currently near 823, to confirm we've got something potentially more bullish going on. This morning's pre-market high so far is 818.25. SPX's downtrend line from Friday is higher, near 832. A Fib projection for a larger a-b-c bounce off yesterday morning's low is near SPX 829.