$ES #ES-mini #trading-setup #Elliott Wave
Bears finally broken under a meaningful support 5,300 today and by doing that they turned the weekly and daily trends down:
Now the broken support 5,301.50 should be considered the key resistance:
As long as bears hold ES-mini under 5,301.5 they will remain in control and will be able to keep pushing ES-mini lower.
Let’s zoom-in:
The next strong support will be 5,210 – 5,220. We can get the subwave -a- down finding some temporary support there and a getting a corrective bounce in a subwave -b- up.