$ES #ES-mini #trading setup
As we expected in the evening update, ES-mini continued to leak lower. This morning it finally arrived at the Green Demand zone 2:
Let me show from where that Demand Zoe came from.
In March – May 2024 the red supply zone 5,370 – 5,400 rejected several bulls’ attacks:
Ideally bulls hold ES at this green demand zone and produce a corrective bounce into the lower micro red supply zone. That would be a decent short setup for another drop down to the green demand zone 3:
$ES #ES-mini #trading setup #Elliott Wave We started Tuesday morning with a picture perfect short setup: ES-mini 30 min chart I note for members of my chat room: “5,506 is the key level to watch.
$ES #ES #trading setup #Elliott Wave Bears have a decent setup for a strong drop in a subwave -c- of wave -y- down: ES-mini 30 min chart Break under support of the upward sloped blue
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