$ES #intraday micro update #trading setup
I consider that a-b-c- up consolidation off the low made yesterday as a corrective wave iv up:
I expect another push down that could violate the low made at 3,891.50 on Jan 10th.
If bears first break under that level and bulls quickly recapture it, that would trigger an attractive long failed breakdown” trading setup…
Here ES is approaching to 33.3% retracement fib at 3,946. The next resistance is 3,962, a broken support-turned-resistance.