$ES #ES-mini #trading setup #Elliott Wave
Today I shared my plan to go long at 4,528. The low of the day was 4,527.75!
But I said that it would be a good long entry to play a bounce. At this point its too early to say that a larger bounce is coming:
Ideally I would expect ES-mini to make one more push lower tomorrow to complete a clean five wave down micro structure of the red wave -c- down:
That evening move up can be a micro corrective wave -iv- up that can top at the Red Box overnight.
That pullback would provide bears with a short setup for another push down in a micro wave -v- down targeting 4,512. That short setup would look reliable as long as bears hold ES-mini under the blue horizontal line at 4,561.