$ES #ES #trading setup $Elliott Wave
This drop confirms the rally has topped.
Now we want bears to violote support 4,377 and slightly undershoot it.
It can stretch to 4,372 – 4,367 but then I would expect another dead cat bounce to re-test the broken support 4,377 from below. Failure to get over 4,400 – 4,410 would be an attractive short setup.
In any a-b-c move either up or down the final leg in wave c is normally the sweetest trading opportunity.