$ES #ES-mini #trading setup #trading futures #Elliott Wave
I think that is the final spike that wil finish the wave ( iii ) up:
Let’s zoom-in
because the micro wave iii up stretched up to 176.4% ext of the micro wave i up we can expect the micro wave v up to top either at 223.6% or 250% ext of the micro wave i up = 5,344 or 5,362.
Upon completion of that five wave up structure I expect a large pullback down in a subwave (a) of (iv) down that ideally should violate the neckline 5,156.
$ES $NQ This morning CPI numbers came out higher than expected. That triggered a bearish spike: NQ-mini 120 min chart
$ES #ES-mini ES-mini has stopped right under the Red Box yesterday. Bears keep ES under the Monthly Resistance 6,103. That
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