$ES: Finally Violated the Support

$ES #micro #trading setup

ES-mini futures finally violated the support 3,945:

It has been our target for the first move down and the first support we have been watching. Now even under the bearish count we could expect a bounce.

The Rule of thumb says:

“every time a widely watched support gets violated bulls step in and try to save their face pretending like nothing happened“.

A move back over over 3,955 could trigger a corrective rally in subwave a of wave ii up.

If we get a clean a-b-c up bounce that stays under 4,060sh that would be an attractive short setup for an accelerated part of the decline in a large wave C down.

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