Target reached, where do trends take us next?

So I cashed out my position for a net of $8000. Trends call for a bounce back upwards to acquire some new trend action to take us lower, especially as we violated just about everything on the way down here. I am not ready to go into a Long position for that upward movement at this time however, because there was just too much downward pressure to bring us down here. We have however violated every trend between the 1hr to the 12hr, have a Daily downtrend that is teasing showing up today, and are oversold on the only downtrend that took us here, the 30m.


Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 4729 Downtrend (1/4/2024) Lower Low
1Hr - 4806 Downtrend (12/29/2023) Higher Low
2Hr - 4818 Downtrend (12/29/2023) Higher Low
3Hr - 4808 Downtrend (12/29/2023) Higher Low
4Hr - 4808 Downtrend (12/29/2023) Higher Low
6Hr - 4759 Downtrend (12/20/2023) Higher Low
12Hr - 4762 Uptrend (1/3/2024) Higher Low
Daily - 4378 Uptrend (11/3/2023) Higher High
Weekly - 4769 Uptrend (12/11/2023) Higher High

The Daily won't signal a downtrend unless we stay below like 4715 by the close.

Economic Data;
We got strong payroll and wage data, and a lowered unemployment number. All of this signals that the FOMC may not be able to cut rates early this year as expected. That data caused an initial negative reaction, which has since reversed and taken us back up to neutral on the day.

My position from 4700 is;
Shorter Term - Neutral/Bullish
Short Term - Neutral/Bullish
Medium Term - Neutral/Bullish
Long Term - Bullish

Still keeping an eye on ZS contracts, as well as several currency contracts.

Safe trading, and remember your risk management.