- I expect bears to violate the June 2022 low made at 3,655.75 and hit the Green Target box
- If then bulls manage to push ES back over 3,655.75 they would trigger a macro “failed breakdown” long setup
- A pessimistic bullish scenario is that we would then get a corrective a-b-c up bounce that will hit the Red Supply zone.
$ES and $NQ Look Ready to Test the Red Target Boxes
$ES #ES-mini #trading setup #trading futures We keep watching the same bullish counts that allow bulls to keep pushing both indices higher. NQ stopped the decline right at the weekly support 1 = 18,440 yesterday.