$ES #ES-mini #trading setup #weekend
I currently consider the very bullish Running Flat scenario as the primary one (read explanation here).
ES-mini is sitting right under the all-time high made in Jan’22 = 4,808.25:
The first macro support is 4,736. Bears need to break that support to trigger a short “failed breakout” setup. Until bears manage to break the support bulls will remain in control and will be able to push higher to make a new all time high over 4,808.25.
The first macro support is 4,736. Bears need to break that support to confirm completion of that subwave -b- up and start of a move down in a subwave -c-.
ES Daily support for Sunday and Monday = 4,746.25.
A break under that level would open a hug eairpocket down to 4,700.
ES Daily resistance for Sunday and Monday = 4,791.75