$ES #ES-mini #trading futures #trading setup
As our wave count suggested yesterday, ES-mini turned down:
This is how that move down in a subwave -c- looks like now:
There are two potential green zones where this decline may terminate.
ES has almost hit the upper one, 5,079 – 5,069. In that case we will get a very bullish completed Running Flat structure. It is possible that this drop extends lower under the Expanding Flat structure and hit the lower green box 5,045 – 5,030. Under that wave count, either it stops here or declines to a lower green box, this drop completes the micro -a-b-c- move down and sets the stage for another push higher to the upper Red Target box.