Here’s What This Feels Like to Me: $ES Speculation

It’s been a weird, unending grinding drip of a pullback on $ES without much in the way of relief rallies. I’ve thought about this a few times this last week and it’s occurred to me that it feels sort of like the correction we had in February, but smaller in scale. Here’s what I think that could produce:


I base this in part on the whole nexus of individual names I am watching.

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