Several Structural Points Re: $ES

I will point out a few things locally.

The first is regarding an older structure I have discussed previously, the “parallel rails” that define the “bull flag” (green structure). We are at the lower rail now:


The bullish wedge (red structure) lower rail remains below us, and I’m not too confident that we will actually get there, but we might.

And an update on the Wyckoff pattern now looks like this:


Finding support soon will give this a “textbook” spring look if we stop soon.

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