$ES #ES-mini #trading setup
The hotter than expected CPI numbers triggered a move down under the Monthly support:
Es-mini 30 min chart
Bears got a charged Head and Shoulders bearish reversal setup:
Ideally we should get a bounce in a subwave b up to be followed by a strong fear driven subwave c down that can drop to 5,000.
Resistance 1 for a bounce in a subwave b up is 5,215.
Resistance 2 for a bounce in a subwave b up is 5,235.