$ES $SPX #ES-mini #futures
We continue to patiently wait for signs that this corrective rally in a wave -b- up has topped.
This rally should be followed by a quick drop down to 4,500. Such a drop to the Green Box would complete a corrective -a- down, -b- up, -c- down structure and make a great long setup.
On a micro level as long as bulls hold ES over 4,783 they will be able to push ES higher one more time over 4,800:
Break under 4,783 will be the first confirmation that ES has topped.
ES: Daily support for Tuesday is 4,779.50.
SPX Daily support for Thursday is 4,738.57.
A daily close under a daily support would confirm an important change in the character.