$ES #ES-mini #trading setup #Elliott Wave #Head and Shoulders
Yesterday I shared the bearish reversal Head and Shoulders bearish reversal setup:

We outlined two resistance levels in the Wednesday report.
Bulls failed at resistance 1 = 4,789 in the morning.
But they can test the resistance 2 = 4,808, the Jan’22 high to build a larger double Right shoulder that would be comparable in size to the double Left shoulder.
Bears need to break under 4,746, the neckline, to open the flood gates for a drop down to 4,660.
ES Daily support for Friday will be 4,743.25.
SPX Daily support for Friday will be 4,698.