$ES #ES-mini #trading setup #Elliott Wave
So far bears failed to break under a strong support 4,160. We discussed significance of that support in the previous update.
Ideally we need to get a bounce big enough to be comparable in time spent by the previous move down:
An a-b-c up bounce to the Red Box would set the stage for another strong and scary decline in a wave C of Y targeting 3,900.
Check this out: