Ping Pong formation

Indices churned higher overnight into the highs of yesterday, but dropped into the lows of yesterday on a 9am headline. For today, keys remain the same: $ES 6829, $NQ 25500. The diamond consolidation worked well yesterday, but we could be in a larger rectangle consolidation. $RTY is showing relative strength atm unlike yesterday. $SI watch 59.065 and 6…