$ES #ES-mini #trading setup
Here bears have a setup for a push down in a subwave -c-
There are three levels to watch today:
If bears break under the support 5,185 the next support is the weekly support 1 = 5,155.
That weekly support 1 stopped the bleeding on Monday.
To trigger that bearish scenario bears need to start from pushing ES under 5,199, the Daily resistance for Wednesday.
Update at 10-54 AM
That pop looks like a subwave c of a corrective wave -b- up. Bears still have a setup to produce another leg down in wave -c- to test the Green Demand zone.