S&Ps after the pit session close on Monday

Trading range.
Although a big picture top appears to remain in place, I'd
still avoid making any big picture decisions. As usual, take things
one day at a time.

Monthly view.

ES trading below last month low 1352.50, after seven month having higher lows. It is an important area, if price accepted,  it changes the market monthly one-time framing auction. Therefore, until there is convincing upward movement back above April's low 1352.50 the downside correction is in place.

"If you don't like the life you've lived, imagine a new one."

"Here's an exercise I learned from Dr. Nathaniel Branden when I was his client for some badly needed, just-in-time psychotherapy: Draw a line on a piece of paper. On the left end of your line put a letter B for birth. Then at the right end of the line put a big letter D for death. Then find where you are now. Don't over-think, just draw a downward slash line somewhere between B and D and have that be your now. How much life is there left? Between your slash and D? Does it scare you to look at that? Don't let it scare you. Just let it remind you that if you want to do something wonderful, it's now or never. Rise up above that linear line! Create a new memory and act on it. Shift your mind. Watch what happens to the world around you."~Steve Chandler

Now do the exercise and see, what does it do for you. Think.
Uprise Now.

Karlovac.

"Nekada davno,

prije postanka svijeta i vijeka,

dok su samo magle vladale Zemljom,

a vjetrovi i sunce harali visinama,

u dubinama močvare uz Kupu, Koranu, Mrežnicu i Dobru

kucalo je srce budućeg Grada."

click to enlarge

What now.

Honouring your stops, trailing your stops, taking partial profits,
waiting for entries on new positions, and being patient and
selective, will go a long ways to keep you on the right side of the market.