$ES #ES-mini #trading setup #Head and Shoulders
Yesterday we discussed two targets for a bounce:
This morning Es-mini hit the target 2 and the main resistance for the Right Shoulder.
We got a clean three wave up corrective bounce in a corrective wave -b- up.
Bears need to push ES under 4,785 to confirm ES has topped.
In contrast, bulls need to push ES over 4,808 to invalidate the bearish reversal head and shoulders setup. Such invalidation would trigger a short squeeze rally.