$ES #ExpandingTriangle #short setup
We have been tracking an overlapping corrective structure that followed the sharp drop on Friday Oct 10th. When such a strong drop happens that undershoots a couple of important support levels its reasonable to expect a lengthy consolidation that sucks in a lot of new long positions.

ES-mini 120 min chart
That overlapping consolidation labelled a-b-c-d-e up looks corrective and is supposed to be followed by another impulsive move down in a wave (c) down that should be able to break under support 6,500.