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

ES


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