Quick $ES Update

Few observations:

1. We’ve gotten through the inverse neckline today, which is good
2. We are backtesting that neckline now, and
3. It’s a reasonable place for a nested “2” (green arrow)
4. BUT: we have yet to recapture the green trend line that cuts across the screen (a bullish close might fix this)

So, if the bulls are going to take over, this is a good place for them to do so