$ES #ES #trading setup #bulls trap
The macro bullish count argues for ES-mini to top somewhere around 4,660 after kissing that red trend line. Its safe to predict that they will play a fake breakout over that red trend line to suck in retail at the top:
On a micro 15 min chart we can count the drop today as the final leg down in a subwave -y- of wave -iv- down:
That bullish count matches the one in NQ-mini:
NQ-mini also completed a flat -w-x-y- down structure of a corrective wave -iv- down and looks ready to start another leg up in the wave -v- up.