ES/SPY Positive close but still has to break 3500. E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! WadeYendall ES had a quick flush through the .236 and recovered closing at the highs today. This was positive, but price still has to break & hold 3500 (which is the .618 of this short correction) to fully resume the uptrend. ES could easily reject there and make a compound correction lower. With that in mind I will be hesitant to load up on longs until I see confirmation above 3500.