Trade plan 10/5 ES SPX SPY

Yesterday we were watching ES 4277-4281.5 and 4254.5-4256 to drive our primary bias. That was basically the range for the day until we finally got what I felt in the end was a weak upside break that initially failed. Combine this with the poor low, the overnight tag of SPX 4200 and the 200 sma, and a few other factors, I decided I don’t like the potential bottom. We can go higher first but I think those lows need to be cleaned up before a proper bottom.