$ES #ES-mini #trading futures #trading setup
As we correctly predicted, ES-mini dropped to our Green Box:
Now bulls have a decent long setup for a rally in a subwave -c of wave (b) up that can target 5,275.
This is the final line of defense for bulls.
Break under 5,050 would make the bullish setup much less reliable.
Its a risky decision to go long right here. I would wait for a confirmation of a bullish reversal. At the very least I would like bulls to push back over 5,077.25 to confirm start of a new leg up.