As we expected yesterday, bulls pushed ES overnight and hit our target at 3,745.
Let’s first review our Bearish scenario:
Under the bearish scenario that move up is a subwave c of a corrective pullback n wave (b) up.
Now let’s review the Bullish scenario:
Under the both scenarios, that overnight push over the Friday top made at 3,733.75 creates conditions for a failed breakout short setup.
To trigger that short setup bears need to push ES back under 3,733.75