Channel Break

$ES held yesterday at our 5524.25 key, but broke down from the channel this morning on bearish data. For today, it would need to close (the day) back inside of that channel (5548 and ascending) not to look like a major breakdown. I have assigned 5493.75 (hourly and desceding) as the intraday key as there is support there. Under there, could see flushes …