$ES: A Move Down we Expected Has Started

$ES #ES-mini #tradingfutures #Elliott Wave

In the previous update I showed three potential paths for a bearish pullback:

As I noted, “the first support is located at 4,800 – 4,750. Under the most bullish scenario this is where the upcoming pullback may bottom.”

This is how that chart looks like now:

Under the (2) The Most Bullish Macro Scenario price may find support in between 4,800 and 4,750.

The first bullish reaction may be triggered after filling out that cyan gap.

To fill the gap bears need to push ES-mini down to 4,817.

This is how we can count that decline:

As long as bears hold ES under the 50% retracement 4,921 this bounce could be counted as a wave -x- up to be followed by another a-b-c move down in a wave -y- down:

Interestingly, 4,817 is a strong support at the Gann’s 180 degree level:

More To Explore

$ES: The Next Big Move Should Be Up

#ES $ES #Elliott Wave Yesterday morning I got you prepared for one more push lower to test and undershoot the

CastAwayTrader March 14, 2025

$ES: The March 2023 Fractal Prescribes A Move Up

#ES $ES #Elliott Wave #seasonality #fractals The March 2023 bottom looks very similar to that consolidation: ES-mini 240 min, March

CastAwayTrader March 13, 2025

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