This morning Non-farm payroll data release caused spike down in futures. ES-mini dropped deeper into the Green Box:
ES has approached a strong support located at 3,696, a confluence of 50% retracement and 176.4% extension of subwave -a- down. If bears manage to break under 3,696 and bulls fail to quickly reclaim it that would be a very bearish sign that is is going to re-test 3,600.
$ES #ES #Elliott Wave #trading setup Yesterday bears failed to break the Daily resistance 5,607. In an uptrending market a
$NQ #NQ #Elliott Wave I watch that short term bearish scenario: NQ-mini Daily chart In the bearish case, at the
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