Technically Still In A Downtrend

ES closed the gap down on Friday and gapped up today by ~5 points. I went long near the end of the day Friday and sold my long position because I wasn't impressed with the overnight futures action. In particular ES rallied to 1200, dropped to 1192, then rallied back to 1200 which looks a little indecisive to me. On big bullish days the futures usually climb overnight and never look back. So I'm going to wait and see if ES drops to fill the gap at 1195, at which point I will go long again.

Technically we are still in a downtrend (trendline A) and ES may trade as high as 1205-1207 (backtest with trendline A) before dropping.